This study investigates the role of two prominent concepts in finance: the role of limits to arbitrage and investor sentiment on stock prices. The study examines how changes in market-wide investor sentiment and limits to arbitrage affect the performance of nine UK stock market anomalies. The...

This paper first extends Sias (2004) to examine whether UK fund managers are engaged in herding behaviours in the stock market, their reasons for herding, whether their herding behaviours are different during bullish and bearish periods and whether or not their herding behaviours are...

Purpose This study aims to analyse the effects of Economic Policy Uncertainty (EPU) on the return of growth/value and small/large-cap stocks during expansionary and recessionary periods across a conditional distribution. Design/methodology/approach The authors selected a sample covering the...