Purpose – This paper aims to propose a method of forecasting the level of informed trading at merger announcements by permitting liquidity traders to adjust their trading based upon signals from informed traders. Informed traders typically take advantage of their knowledge of forthcoming...

Purpose: The purpose of this paper is to measure the impact of financial inclusion on economic development. Design/methodology/approach: Study 1 used World Bank Data to develop financial inclusion percentages of ownership of checking accounts, savings accounts, debit cards and loans for 179...

Purpose – To test the Miller Price Optimism Model using a new proxy for heterogenous expectations and to examine if high differential stocks behave like glamour stocks and low differential stocks behave like value stocks. Design/methodology/approach – Whisper/analyst forecast differentials...