This study analyzes whether stocks of companies with environmental social governance (ESG) rating show lower … idiosyncratic risk. The main analysis covers 898,757 company-month observations of US stocks in the period from 1991 to 2018 and … controls for stocks' exposure to liquidity, mispricing, innovations in volatility risk, investor sentiment, and analysts …

This study empirically investigates a relationship between MAX and lottery-type stocks in the Chinese stock markets. We … find that the lottery-type stocks, which are preferred for lottery demand of investors, are negatively priced in the … Chinese stock market. Our results show that the higher MAX stocks in the lowest price stocks are stronger than those in the …

formation of stock prices and potentially lead to stock mispricing. This study finds that stocks in Taiwan markets on average …

-selling campaigns on market efficiency and confirm the model prediction that stocks with lower borrowing costs and wider mispricing are …

tests show that these effects are driven by stocks with low price informativeness. The evidence suggests that the …

between 1987 and 2017. Our findings suggest that short interest is significantly higher in polluting firms’ stocks, and that …