We re-examine the puzzling pattern of lead-lag returns among economically linked firms. Our results show these patterns are driven largely by investors' tendency to ignore information that arrives continuously in small amounts. In contrast, when information with the same cumulative returns...

Purpose: The purpose of this paper is to enhance the forecasting performance of grey model and generate accurate prediction values of Chinese carbon emissions.Design/methodology/approach: A novel grey prediction model with multi-projection is designed. It adapts to the data characteristics,...