Analyzing a large sample of U.S. firms, we show that the asymmetry of stock return volatility is positively related to investor attention and differences of opinion. Using the number of analysts following a given firm to capture attention and the dispersion in analyst forecasts as a common proxy...

This paper provides a more thorough empirical examination of the development and determinants of the liquidity position in the financial sector during the last financial crisis in the Baltic-Nordic region, which takes into consideration the whole economic cycle. The current study serves as an...

The paper assesses how different types of learning affect the disposition effect. We distinguish between “baseline learning abilities”, “learning by doing” and “learning about one's abilities”, differences in which emerge clearly from our exhaustive NASDAQ OMX Tallinn dataset. We...