In present study, we contribute to the discussion on international stock market correlations, by analyzing interdependencies between stock returns in US and Israeli stock exchanges. In particular, we concentrate on the original feature of Tel Aviv Stock Exchange (TASE) where the trading week...

Soft power is a useful concept of political theory and sociology developed by J.S. Nye Jr. in 1990. However, this concept can be overly abstract and hence somewhat artificial. In particular, this concept has been criticized by other sources and points of view. This paper develops a more complex...

The main goal of this study is to analyse the ability of the implied volatility index (VIX) to incorporate current stock market information that is relevant for the volatility forecasts. Employing historical market volatility, market trading volume and significant stock market returns as...

In present study, I explore the dynamics of stock price reversals. In particular, I try to shed light on the overnight reversals, that is, on the price reversals between the end of a trading day and the opening session of the next trading day. To account for the "end-of-the-day" price moves, for...

In the present study, I explore the dynamics of the interday stock price reversals. Employing the intraday price data on thirty stocks currently making up the Dow Jones Industrial Index, I document that daily stock returns tend to be higher following the days with relatively large high-to-close...

Our study explores the effect of market volatility expectations, captured by the implied volatility index (VIX), aka “investors’ fear gauge,” on investors’ reactions to analyst recommendation revisions. We find that positive (negative) excess returns following recommendation upgrades...