Most of the countries in the world are highly dependent on China for components and raw materials. Due to this over dependence the outbreak Coronavirus in China (on 13th January 2020) may have serious reverberation not just to the world economy but also to the Stock markets around the globe...

This study investigated the effects of terrorist attacks on the stock performance of tourism, travel, and leisure industries. The major tourist countries have been selected for this purpose. The novelty of this research is that not only it focuses on the relationship between terrorism and...

The study aims to examine the impact of COVID-19 on the Turkish stock market volatility and reveal how different industries are affected by COVID-19. Volatility between pre-COVID and COVID periods are compared across industries to understand the impact of the first shock. Markov-switching...

This study combines model-free conditional estimators for the risk-neutral and the physical distribution of equity returns to obtain daily measures for the pricing kernel at the monthly time horizon. Despite their time-varying nature, our pricing kernels are non-parametric, forward-looking,...

Stock market indices play a central role in portfolio management and academic research. This paper reviews and discusses the main issues in index construction, especially on thinly traded stock markets and in a historical setting with deficiency of information. The main methods to deal with...

We propose to investigate a possible relationship between analysts' busyness and stock price crash risk. Previous empirical evidence suggests that analysts' busyness plays a key role in forecast accuracy. However, we did not find studies that seeks to analyze how busyness alters the monitoring...