We investigate the price reaction of listed companies in response to blockchain-related announcements. The average abnormal return based on a global sample of 713 firm announcements is approximately 5% on the announcement day, with significantly higher returns for U.S. firms, smaller firms and...

There is a large literature that reports time-specific anomalies in equity markets such as the Monday effect, the January effect and the Halloween effect. This study is the first to report intra-day time-of-day, day-of-week, and month-of-year effects for Bitcoin returns and trading volume. Using...

Does the impact to mobility due to state-level lockdown during the COVID-19 pandemic affect retail investors’ attention in equity markets? Using Google’s mobility, the lockdown dates, and companies’ Wikipedia page views data, we show that stay-at-home duration increases retail attention....

Does face-to-face interaction still facilitate information transfer despite proliferating communication technologies? The COVID-19 pandemic has led to abrupt implementation of stay-at-home mandatory restrictions forcing people to adopt virtual communication technologies. This has resulted in a...

Using data on a sample of NYSE stocks and their respective options contract, we examine how option-implied volatility influences liquidity provision on the equities market. Our findings suggest that in the 30-day leading up to an earnings release, implied volatility is negatively associated with...

This paper investigates how the prevailing sentiment portrayed by the media influences abnormal net purchases of retail and institutional traders around earnings announcements in ASX200 constituent firms from 2009-2013. We find that media sentiment influences institutional traders into...

We find strong evidence that imitation to the leader in an uncertain environment provides short-term early success without enhancing long-term survival. Using a unique setting in cryptocurrencies where Bitcoin has been the centre focus, we define copycats as cryptocurrencies that have a name...