Earnings manipulations are often revealed with significant lag. This usually entails dramatic share price' slide. Therefore investors should avoid/buy stocks with low/high earnings-quality. However, given the shortcomings of auditing, using this strategy requires application of the other (then...

The industries in which listed firms are concentrated in less developed equity markets are not random nor entirely explained by the underlying composition of production. Listed firms and market capitalization are disproportionately concentrated in industries that exhibit low complete-market...

Stock investment, which many people referred to as investing in shares is one of the topical issues among, businessmen, employees of both public and private sectors, students, farmers and even political office holders. In Nigeria, this organised system of investment has gained acceptance...

This paper investigates Securities and Exchange Commission (SEC) deregistrations by foreign firms from the time the Sarbanes-Oxley Act (SOX) was passed in 2002 through 2008. We test two theories, the bonding theory and the loss of competitiveness theory, to understand why foreign firms leave...

Do different institutional investors possess different sets of information? The extent to which different institutional investors offer different information to individual/naive investors remains an interesting question in information poor emerging stock markets. Using a comprehensive data of...

This study investigates the market reaction to cash dividend announcements for the period 2000-2004 employing data from the Athens Stock Exchange (ASE). In particular, the paper examines both the stock price and trading volume response to dividend distribution announcements. Dividend...

This paper examines the ex-dividend stock price and trading volume behavior in the Greek stock market for the period 2000–2004. We use both standard event-study methodology and cross-sectional regression analysis in assessing the ex-dividend stock price anomaly. We find that stock prices drop...

This study sought to investigate the relationship between information asymmetry in the stock trading, economic and financial characteristics and corporate governance of listed companies in the Brazilian stock market in 2010 and 2011. To this end, the study relied on a theoretical framework for...

China’s STAR market (Shanghai Stock Exchange Science and Technology Innovation Board) is its newest stock market, which was officially launched in June 2019, and whose index was released in July 2020. It has attracted extensive attention from market players, but almost no coverage from...

Interest in corporate governance has been growing more and more in the last few years, especially after recent financial scandals. Corporate governance today is a fundamental parameter in evaluation of the estimated value of a company, but it is still hard to measure. In order to obtain an...