This study consists of an empirical analysis on technical trading rules (the simple price moving average, the momentum, and trading volume) utilizing the NYSE value-weighted index over the period 1962-1996, as well as, three subperiods. The methodologies employed include the traditional t-test...

In recent years, increasing international merger and acquisition activity has captured the attention of not only the business press but also of academia and policymakers. The effects of this 'mergermania' are felt by many (i.e. managers, stockholders, regulators, and consumers), and the dollar...

This paper tests the contrarian investment strategy, which predicts that stocks that consistently underperform (outperform) the market would in subsequent periods outperform (underperform) those stocks that have previously outperformed (underperformed) the market, using a revised nonparameteric...