A growing body of literature in accounting and finance relies on implied cost of equity (COE) measures. Such measures …

both developed and emerging markets from February 2001 to February 2020. We find that jumps arise in all equity markets …In this paper, we examine whether jumps matter in both equity market returns and integrated volatility. For this …; however, emerging markets have more jumps relative to developed markets, and positive jumps are more frequent than negative …

equity puzzle in this paper. The upcoming literature of behavioural finance theory loosens the restrictive assumptions of …What is the mechanism that determines market prices of financial assets? The literature of modern finance theory … modern finance theory in favour of the acceptance of an investor's irrationality. Many efforts have been undertaken so far to …

Banks with higher equity risk and faster loan growth have lower abnormal stock returns. By disentangling ex ante cost … lower cost of capital. The underperformance of banks with higher equity risk is explained by the poorer cash flow news. The …

equity valuation, whereas short-term return reflects the change in valuation. Long-term discount rate is relevant to … rates and short-term expected returns, and document how firm characteristics are correlated with equity valuation levels …