This paper examines the efficient market hypothesis by applying monthly data for 15 international equity markets. With the exceptions of Canada and the U.S., the null for the absence of autocorrelations of stock returns is rejected for 13 out of 15 markets. The evidence also rejects the...

The sentiment of news predicts the short-term stock market performance of individual companies. We find that this association is solely due to the idiosyncratic informational content of an article. We transparently quantify the association between news sentiment and stock market performance of...

The impact of terrorism on capital market of Pakistan has been examined in this research by using the ten biggest attacks of the last decade (with different targets and venue) out of a total of 941 attacks of this period. Event study methodology has been applied using one way ANOVA post-hoc and...