This study explored the effectiveness of the contrarian and momentum strategies in the United States stock market-S&P 500 and Chinese stock markets (Taiwan, Hong Kong, & Singapore) both during the 2008 financial crisis and during the pre-crisis period. Additionally, the study examined the...

This study explored the effectiveness of the contrarian and momentum strategies in the United States stock market-S&P 500 and Chinese stock markets (Taiwan, Hong Kong, & Singapore) both during the 2008 financial crisis and during the pre-crisis period. Additionally, the study examined the...

Using a semi-supervised topic model on 7,000,000 New York Times articles spanning 160 years, we test whether topics of media discourse predict future stock and bond market returns to test rational and behavioral hypotheses about market valuation of disaster risk. Focusing on media discourse...

We estimate the effects of peer benchmarking by institutional investors on asset prices. To identify trades purely due to peer benchmarking as separate from those based on fundamentals or private information, we exploit a natural experiment involving a change in a government-imposed...