The purpose of this exercise is to examine recent advances in corporate governance regulatory environment in European countries that are members of the European Union. The importance of such a study stems from the increasing importance of European economies in the global market. With this in...

This study provides evidence on joint characteristics of hourly common stock trading volume and returns on the New York Stock Exchange. Average volume traded shows significant differences across trading hours of the day and across days of the week. Average returns differ across hours of the day,...

In this article, the authors explore the linkages between the Ball-Brown effect and the information transfer effect in oligopoly. Using the data from the Wall Street Journal's "Digest of Earnings Report" column, they analyze how the stock market reacts to the subearnings information. The authors...