We identify some of the factors affecting the extent of commonality in liquidity and differences between different stock exchanges around the world. With a comprehensive approach, our investigation centers on presenting evidence on the existence of commonality in liquidity, effect of using...

We identify some of the factors affecting the extent of commonality in liquidity and differences between different stock exchanges around the world. With a comprehensive approach, our investigation centers on presenting evidence on the existence of commonality in liquidity, effect of using...

Purpose: The purpose of this paper is to hypothesize two channels in which market volatility affects initial public offering (IPO) activity. Design/methodology/approach: First, CEOs time the market for IPOs and volatility makes this decision process harder. Second, risk-averse IPO investors...

Purpose: As investors’ fear has an impact on their risk-return tradeoff, this fear leaves markets susceptible to sudden and large fluctuations. The purpose of this study is to suggest regulators to amend their precautionary methods to recognize the difference in investor behavior for...

The relationship between class attendance and academic performance continues to be of interest. The most common methods of tracking attendance, however, have their shortcomings and biases. We provide researchers with a method to collect unbiased and reliable attendance data. Late arrivals and...

Purpose – The purpose of this paper is to investigate whether all of the risk factors were priced during the internet bubble period. Design/methodology/approach – A unique hand collected dataset was used from public prospectuses for companies that issued an initial public offering during the...

Purpose – The purpose of this paper is to investigate whether all of the risk factors were priced during the internet bubble period. Design/methodology/approach – A unique hand collected dataset was used from public prospectuses for companies that issued an initial public offering during the...

This study evaluates one of the most important emerging markets, India (Bombay Stock Exchange and Indian National Exchange), for its efficiency and for its potential to offer diversification benefits to international investors. Market-wide tests include; 1) contemporaneous relationship, 2) Granger...