Most tail index estimators are formulated under assumptions of weak serial dependence, but nevertheless are applied in practice to long-range dependent time series data. This issue arises because for many time series found in teletraffic and financial econometric applications, both heavy tails...

This paper investigates the identity of the ex-dividend date traders using the Finnish unique database that records the trades of all investors on the market. We find evidence of two investor groups trading around the ex-dividend date: domestic non-financial investors doing dividend capturing...