plays an important role in explaining the idiosyncratic volatility (IVOL) puzzle, the correlation among IVOL, market beta …

speculation to stock price volatility. Furthermore, we show that there is an inverse causal relationship ranging from stock prices …This study investigates the possible Granger-causal relations between stock price volatility and dividend dynamics on …-2018. Stock price volatility is calculated in terms of "conditional" volatility and in terms of the so-called "Shiller ratio …

regimes with high volatility originate from the fact that speculators extract stronger trading signals out of past stock price … crashes, excess volatility, serially uncorrelated returns, fat-tailed return distributions and volatility clustering, thereby …

crashes, excess volatility, fat-tailed return distributions and serially uncorrelated price changes. … herding behavior and market risk. Moreover, speculators' orders depend on price trends, market misalignments and fundamental … demand, triggering lasting volatility outbursts. Eventually, however, higher stock market risk reduces stock market …

. Even it is astonishing, that the contagion is lower during price bubbles, the main finding indicates the presence of …