This study analyzes the impact of stock market liberalization on emerging equity market volatility, in twelve emerging … time-varying nature of conditional volatility following initial market opening. Second, we analyze the effect of … liberalization on stock market volatility while controlling for the fundamental sources of emerging equity market volatility. Finally …

This study investigates the influence of past volatility on individual investors' forecasting behavior. We conducted … two experiments in which we used real stock prices to construct low- and high-volatility time series, and asked …%, 70% and 90% confidence intervals. Past volatility has a weak effect on future forecasts that are sensitive to minor …

, the aggregate investment fluctuation and its relation to an individual firm's behavior have been extensively studied for … the past three decades. Most studies on the interdependence behavior of firms' investment focus on the key issue of … comprehensive review of the investment fluctuation and firms' interdependence behavior, followed by an econometric model of lumpy …

cut their investment-to-capital ratio by 2.5 percentage points more (on a quarterly basis) than otherwise similar firms … whose debt was scheduled to mature after 2008. This drop in investment is statistically and economically significant …, representing one-third of pre-crisis investment levels. A number of falsification and placebo tests suggest that my inferences are …

investment by a U.S. firm is equal to the average beta of an investment in the foreign market, then overall firm beta will … and the beta of a fully diversified investment in the foreign market. …