It is already well known that U.S. investors can achieve higher gains by investing directly in emergingmarkets (De Santis, 1997). Given the opportunity to invest directly in the shares of stocks in the developed(DCs) and emerging (EM) markets, it is interesting to know whether the U.S. investors...

When stock markets are less liquid or illiquid, investors are expected to require compensation for taking the risk of not being able to sell quickly. Many studies have documented the existence of the co-movements (commonality) of market liquidity in equity markets as a priced factor. The primary...

Purpose: The purpose of this study is to examine how the volatility interruption (VI) mechanisms affect idiosyncratic volatilities in Korean stock markets. Design/methodology/approach: Collecting the South Korea Stock Market...

Purpose: This paper aims to achieve two main objectives. The first is to introduce a suitable adjustment to the conventional dividend-price ratio, which would address econometric concerns and improve the predictability of the equity premium. The second is to compare the predictive performance...

Purpose – This paper aims to uncover potential contemporaneous relationship between foreign portfolio investment (FPI) and another popular type of cross-border investment outflow, namely, foreign direct investment (FDI). Design/methodology/approach – The relationship between FPI and FDI are...