Knowledge on the behavior and fate of pharmaceuticals and personal care products (PPCPs) is poorly explored in marine aphotic environment. In this study, the degradation mechanism of a typical PPCPs—ibuprofen (IBP) by a ubiquitous marine Pseudoalteromonas sp. was investigated based on...

We document that institutional herding behavior is associated with analyst target price revisions even after controlling for the effects of analyst recommendations and earnings forecasts, and provide insights into the price impact of institutional herding. Institutional investors tend to buy the...

This paper investigates the stock market reaction to the tone of central bank communication. We use textual analysis techniques to measure the tonality of the FOMC minutes’ text and show that a more optimistic tonality has a positive impact on stock returns. This positive effect is prevalent...

This study investigates the role of financial market uncertainty in institutional herding and its impact on stock prices. We show that financial market uncertainty is a determinant of institutional herding. Fund managers tend to follow the trades of other managers more frequently during high...

Purpose – This paper aims to explore the determinants of circular economy accounting information disclosure quality, and also to make empirical analysis on the relationship between circular economy accounting information disclosure quality and corporate ownership governance and institutional...

We examine stock index and Treasury futures markets around releases of U.S. macroeconomic announcements. Seven out of 21 market-moving announcements show evidence of substantial informed trading before the official release time. Prices begin to move in the \correct" direction about 30 minutes...