This paper studies the predictive power of the trend strategy in the international stock market. Using data from 49 markets, we find that a trend signal exploiting the short-, intermediate-, and long-term price information can predict stock returns cross-sectionally in the international market....

The cases that controlling shareholders expropriate the rights and interests of other shareholders frequently appeared in China, thus, encouraging non-controlling shareholders to actively participate in corporate decision-making was advocated by the public. However, whether non-controlling...

Measuring the information environment of firms using analyst (price) forecast bias and forecast dispersion before listing, we empirically examine the interactive influence of the information environment and market-wide sentiment on the initial returns of initial public offerings (IPOs). We find...