Similar Search Results

Searching for Gambles : Gambling Sentiment and Stock Market Outcomes

Chen, Yao - 2020

Using Internet search volume for lottery to capture gambling sentiment shifts, we show that when the overall gambling …-ownership firms, headquartered in regions where gambling is more acceptable and local bias is stronger. These results support the view … that gambling sentiment has a spillover effect on the stock market …

Persistent link: https://www.econbiz.de/10012856133

The Gambling Preference and Stock Price : Evidence from China's Stock Market

Zhu, Hongbing; Zhang, Bing; yang, lihua - 2022

Considering the strong gambling preference of retail investors in emerging markets and using the data of Chinese A …-share listed companies from 2000 to 2018, this paper constructs an index of investor's gambling preference based on the theory of … explicit preference and develops a factor model to capture the risk premium of gambling by introducing gambling factors. The …

Persistent link: https://www.econbiz.de/10013291558

Three major crises and Asian emerging market informational efficiency : a case of Pakistan Stock Exchange-100 Index

Said, Bahrawar; Shafiq ur Rehman; Raza, Muhammad Wajid - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-13

Periods of economic turmoil distort the ability of stock prices to reflect the available information. In the last three decades, emerging markets experienced numerous crises. The major three of them are the Asian Financial Crisis (1997-1998), Global Financial Crisis (2007-2009) and Global...

Persistent link: https://www.econbiz.de/10014284076

Firm Opacity and Retail Investments in Attention Stocks and Lottery Stocks : Evidence from Robinhood Investors

Gao, Zhan; Leidner, Jacob Justus; Myers, James N.; … - 2022

This study investigates whether firm opacity impacts the investment behaviors and outcomes of retail investors using the fintech brokerage Robinhood (i.e., “RH investors”). We theorize that higher firm opacity leads RH investors to make nonrational investment decisions. The testable...

Persistent link: https://www.econbiz.de/10013404485

The role of arbitrage risk in the MAX effect : evidence from the Korean stock market

Goh, Jihoon; Kim, Donghoon - In: Journal of derivatives and quantitative studies 32 (2024) 2, pp. 159-180

In this study, we investigate what drives the MAX effect in the South Korean stock market. We find that the MAX effect is significant only for overpriced stocks categorized by the composite mispricing index. Our results suggest that investors' demand for the lottery and the arbitrage risk effect...

Persistent link: https://www.econbiz.de/10015055029

Stock market rumors and credibility

Schmidt, Daniel - 2019

Stock prices occasionally move in response to unverified rumors. I propose a cheap talk model in which a rumormonger's incentives to tell the truth depend on the interaction between her investment horizon and the information acquisition decisions of message-receiving investors. The model's key...

Persistent link: https://www.econbiz.de/10012250063

Short-sale constraints and stock returns : a systematic review

Khan, Mostafa Saidur Rahim - In: Journal of capital markets studies 8 (2024) 1, pp. 43-66

Purpose This study delves into the nuanced implications of short-sale constraints on stock prices within the context of stock market efficiency. While existing research has explored this relationship, inconsistencies persist in their findings. The purpose of this study is to conduct a...

Persistent link: https://www.econbiz.de/10015047535

Investors' trading activity and information asymmetry : evidence from the Romanian stock market

Kampe, Cristina - In: Risks : open access journal 9 (2021) 8, pp. 1-19

This paper examines the problem of information asymmetry between foreign, local, institutional and individual investors on the Bucharest Stock Exchange (BVB) for the period 2004-2011. Using monthly returns for individual companies listed on BVB, stock market indices during the seven years...

Persistent link: https://www.econbiz.de/10012612399

Gambling Preferences for Loser Stocks

Yuan, Peixuan - 2020

I discover that investors' preferences for gambling mainly involve stocks that have performed poorly in the past three …

Persistent link: https://www.econbiz.de/10012830489

The weekend effect : an exploitable anomaly in the Ukrainian stock market?

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2015

This paper provides some new empirical evidence on the weekend effect (one of the best known anomalies in financial markets) in Ukrainian futures prices. The analysis uses various statistical techniques (average analysis, Student's t-test, dummy variables, and fractional integration) to test for...

Persistent link: https://www.econbiz.de/10010488267

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