We suggest that Doidge et al.'s (2004) finding of non-U.S. firms worth more when listed in the U.S. is a special case of a general quot;bonding premiumquot; phenomenon. When firm bonds to a quot;qualityquot; market by listing there, it tends to enjoy the quot;bonding premiumquot;. As to where...

Existing literature on trade news effect on asset prices generally looks at exchange rates and stock market indices. This paper focuses on individual stocks--the U.S. and Japanese quot;Big Threequot; automobile stocks. This study makes several contributions. First, it examines Japanese...

Recent studies on the U.S. market find that the Monday effect is observed mainly when the return on the previous Friday is negative or when the Monday falls within the last two weeks of the month. I look for international evidence and examine whether such properties of the Monday effect are...

This paper examines the profitability of momentum strategies implemented on international stock market indices. Our results ndicate statistically significant evidence of momentum profits. The momentum profits arise mainly from time-series predictability in stock market indices - very little...