Our study examines whether financial distress risk is systematic risk using twelve portfolios sorted by size, book-to-market, and leverage and a portfolio of distressed firms covering an 18-year period. It also tests the explanatory power of the risk factors that best capture default risk. The...

This paper analyzes the performance of stocks listed on the London Stock Exchanges to determine whether there is a size effect. The hypothesis being examined is whether the smaller stocks obtain higher returns than the large ones even after adjusting for risk. The study period is from 1990 to...

This study examines the performance of an extensive sample of French mutual funds investing nationally over the period 1990-2020, in our analysis we consider market synchronization abilities and stock selection capabilities of French managers. We use traditional performance measures and other...

The objective pursued in the present work is the identification of possible anomalies associated with daily seasonality in the returns of British companies listed on the London Stock Exchange. For this purpose, we examine the profitability of these companies for a the sample period between the...