We use ultra high frequency (trade by trade) data to demonstrate that equity price clustering and pricing predictability around psychologically important prices in Greece switches away from drachma-focused with the introduction of the euro, but does not immediately switch to euro-clustering. The...

In this paper, we investigate the intraday behavior of the General index of the Athens Stock Exchange. We find evidence for a U shape pattern for both returns and volatility. Returns are positive at the opening and closing phases of a trading session, with the pattern being more pronounced in...

We examine herding in US corporate bond and equity markets between 2008-2018. Conditioning on market liquidity and volatility, we find significant asymmetric herding behavior in both markets. More specifically, we document a positive relationship between herding and market liquidity, with the...

The present study assesses the impact of bank diversification on the financial stability of 65 Islamic and 119 conventional banks from 11 countries between the period 2006 and 2017. The study uses a novel proxy for financial stability constructed using the CAMELS approach. Using system GMM...

Despite the substantial growth in the Islamic finance sector in the recent years, there has been limited empirical research on Islamic equity indices. In our paper we explore the interconnectedness between Islamic and conventional equity indices during the period spanning from 2006 to 2010. The...

Purpose: India is one of the largest IPO markets in the world. However, IPO research in the developing world is limited. The purpose of this paper is to test the performance of Indian IPOs based on sponsored vs non-sponsored issues. The authors classify the IPO sample into venture capital (VC)...

Purpose: This paper aims to investigate the impact of the COVID-19 pandemic on the corporate governance practices in the UK. The authors adopt a case study approach and use content analysis, using internal and external media releases as well as annual reports to analyse the impact of the...