We study the decision of listed companies to stay or leave the Russian market amid the invasion of Ukraine, and the resulting stock market reaction. By exploring the impact of ESG and human rights scores, we find that lower scores are coupled with a greater likelihood of keeping the Russian...

Purpose – The purpose of this paper is to assess the performance of a contrarian investment strategy focusing on frequently traded large-cap U.S. stocks. We address previous criticisms that losers' gains are not due to overreaction but due to their tendency to be thinly traded and...

Given the lack of evidence in the literature regarding UK short-term contrarian profits and their decomposition, this paper investigates the existence of contrarian profits for the London Stock Exchange (LSE), and decomposes them to sources due to common factors and to firm-specific news,...

Recent empirical studies seem to suggest that contrarian strategies make substantial profits that may be inconsistent with informationaly efficient markets. This paper examines whether the detection of contrarian profits is sensitive to the definition of abnormal returns and the duration of the...

"This paper investigates the existence of contrarian profits and their sources for the Athens Stock Exchange (ASE). The empirical analysis decomposes contrarian profits to sources due to common factor reactions, overreaction to firm-specific information, and profits not related to the previous...