In the recent times, the Coronavirus Pandemic substantially influenced the financial markets. Such influence includes the transformations experienced by some calendar anomalies. This paper investigates the Extended Holiday Effects presence on the returns of three indexes from the Bucharest Stock...

We compare the ownership characteristics of tobacco stocks with their peers in the same country and industry group. We find lower reported ownership for stocks in the tobacco industry, which suggests that anonymous investors are larger owners of these sin stocks. Compared to peer stocks, U.S....

This paper examines the Turn of the Month (TOM) effect in the highly capitalized emerging South African stock market which presents this calendar not only in the stock market, but in the USDZAR FX market also. These characteristics enable us to gain new perspectives on the study of the TOM...

The returns predictions and price movements of financial markets are predicted through online search engines. These search engines claim to trade sentiments of individual investors. This study aims to determine the changes in the American stock market returns due to Bitcoin investors’...

This paper presents evidence on the characteristic speculative dynamics of a wide range of asset returns. It highlights three stylized facts. First, returns tend to be positively serially correlated at high frequency. Second, returns tend to be negatively serially correlated over long horizons....

Market Efficiency has been the objective of many researches across the globe since the last few decades. While some studies conclude that the stock markets are efficient, others cast doubt on this conclusion. In an efficient capital market stock prices incorporate all relevant information when...

Abstract: The Indian Stock market has witnessed a major transformation and structural change from the 10 to 15 years as a result of the ongoing economic and financial sec tor reforms initiated by the government of India since 1991.Among these measures, lifting of barriers and opening up the...

Demand from emerging countries is expected to show strong growth going forward. IT sector has made significant contributions to India's economic growth in terms of GDP increase, foreign exchange earnings as well as employment generation. Its contribution to GDP has increased almost tenfold in...

The Indian Stock market has witnessed a major transformation and structural change from the 10 to 15 years as a result of the ongoing economic and financial sector reforms initiated by the government of India since 1991.Among these measures, lifting of barriers and opening up the doors for...

Uncertainty and monetary policy decisions in the U.S. interact with one another. Contrary to the common notion that FOMC announcements resolve a non-trivial amount of economic uncertainty, we find that the announcement commands a sizable left-tail premium, which builds up a few days in advance....