This paper examines the determinants of returns and of volatility of the Chinese ADRs as listed at NYSE. Using an autoregressive conditional heteroskedasticity (ARCH) model and data from 16 April 1998 through 30 September 2004, we find that Hong Kong stock market (underlying market), US stock...

We examine the relation between firms’ prior acquisition experience and subsequent acquisition performance. Based on our sample firms’ complete acquisition histories, we find that acquirers with prior experience in the target industry perform better in subsequent diversifying acquisitions,...

The authors examined the potential profitability of a strategy that exploits the post-earnings announcement drifts contingent on jump dynamics identified in stock prices around earnings announcements. With long positions in positive-jump stocks and short positions in negative-jump stocks, their...