This paper examines the stability and persistence of the market overreaction hypothesis as posited by DeBondt and Thaler (1985 and 1987), and reinforced by Chopra, Lakonishok, and Ritter (1992). Using monthly CRSP data for the period 1926 through 1992, we find that returns obtained from a...

Purpose – The purpose of this paper is to investigate the relationships between the Index of Economic Freedom , equity market performance and its volatility. Design/methodology/approach – The paper examines whether the level of economic freedom is significant for a country's stock market...

This study examines recommendations made by brokerage and non-brokerage firms to evaluate the differential agency costs across three unique production environments. The results highlight and outline the inherent differences between brokerage and non-brokerage firms' recommendations.

Purpose – The purpose of this paper is to investigate the relationships between the Index of Economic Freedom, equity market performance and its volatility. Design/methodology/approach – The paper examines whether the level of economic freedom is significant for a country's stock market...