This paper investigates a sample of 27 OECD countries to test whether national elections
induce higher stock market volatility. It is found that the country-specific component of index …

This paper investigates whether macroeconomic variables can predict recessions in the
stock market, ie, bear markets. Series such as interest rate spreads, inflation rates, money …

This paper implements estimation and testing procedures for comovements of stock market
“cycles” or “phases” in Asia. We extend the Harding and Pagan [Harding, D., Pagan, AP …

We use an extended sample of tweets relating to energy markets in order to examine and
quantify the existence of market efficiency. The tweets are used as a proxy for publicly …

Purpose–Financial ratios are an instrumental tool in the world of finance and hence
comprehensive knowledge of its various aspects is mandated for its user. This study aims at …

This paper analyzes mean reversion in the stock markets of 18 OECD countries during the
years 1900–2009. In this period it takes stock prices about 18.5 years, on average, to absorb …

We analyse the post‐issue operating performance of 316 venture‐backed and 274 non‐
venture UK IPOs 1985–2003. The finding of a statistically significant five‐year, operational …

As deviations of stock prices from intrinsic values grow, there is a concurrence of novel
events that impart instability and, thus, greater uncertainty, onto investors' understanding of …

El presente trabajo tiene como objetivo comprobar la eficiencia débil en los 5 principales
mercados bursátiles de Latinoamérica, usando 2 enfoques; primero se evalúa la …

This article derives a general class of intrinsic rational bubble solutions in a Lucas‐type
asset pricing model. I show that the rational bubble component of the price–dividend ratio …