This study finds that accounting standards play an important role in cross‐border investor reactions to peer firm earnings. Specifically, we document that when international peer firms report under the same accounting standards, investors overreact to peer firms' earnings announcements. Using...

As behavioral finance explores market imperfections and investor rationality in the absence of seamless access to market information, artificial intelligence emerges as a transformative force in financial decision-making. AI enhances market operations by offering a platform for real-time,...