Purpose: The purpose of this study is to analyze market inefficiencies in the market for cryptocurrencies by providing a comprehensive analysis of short-term (over)reactions that follow significant price changes of such currencies. Design/methodology/approach: This study identifies and analyzes...

Microblogging platforms are playing an increasingly important role in the exchange of information and opinions among investors. Therefore, this study investigates the causal relationship between investor’s sentiment on the StockTwits platform and US stock returns. In the analysis, we also...

We address the problem how to estimate default probabilities for sovereign countries based on market data of traded debt. A structural Merton-type model is applied to a sample of emerging market and transition countries. In this context, only few and heterogeneous default probabilities are...