How does competition in firms' product markets influence stock returns? We examine this question using firms domiciled in the UK. We find that firms in less concentrated industries earn higher returns, even after controlling for the well-known determinants of the cross-section of UK stock...

Fundamental analysis involves the use of accounting data to predict future stock returns, future stock prices, or both. One aspect of such research is whether accounting information can be used to generate profitable portfolio strategies. Central to this style of fundamental analysis, is the...

This paper adopts the fractal analysis approach, specifically a Hurst exponent index in portfolio optimization at the Damascus Securities Exchange (DSE). We construct three portfolios based on the Hurst index from stocks listed on the DSE during the period between 2019 and 2021 and find that...

The digital revolution affects all economic aspects and the financial sector is not an exception. Despite the wide evidence on the impact of Information, Communication, and Technology (ICT) on the financial sector development, this topic has yet to be researched in Syria. We investigate the...