This paper investigates the stock market reaction to a change in investor mood following the Eurovision Song Contest—an annual international song competition and one of the most-watched non-sporting events globally. Contrary to existing literature on international competitions, we find a...

This paper investigates the stock market reaction to a change in investor mood following the Eurovision Song Contest—an annual international song competition and one of the most watched non-sporting events globally. Contrary to existing literature on international competitions, we find a...

The paper investigates the relation between retail investors' participation in trading and aggregate stock market liquidity. The findings show a positive and significant relation between retail investors' trading and stock market liquidity. Examination of the determinants of retail investors'...