The attitude of investors prevailing as to expected price development in a market is known as investors’ sentiment. A strong correlation exists between individual investor sentiment and their attitudes, so investor behavior can influence the stock market and cause the reason for to fluctuate...

Shareholders' wealth maximization is the ultimate objective of firms. Economic value added (EVA) is a financial metric linked to shareholders' wealth maximization. Prior studies revealing the efficacy of value-based and accounting-based performance measures are inconclusive. Moreover, all prior...

This study investigates the forecasting power of implied volatility indices on forward looking returns. Prior studies document that negative innovations to returns are associated with increasing implied volatility of the underlying indices; thus, suggesting a possible relationship between...