Purpose This study aims to analyse the effects of Economic Policy Uncertainty (EPU) on the
return of growth/value and small/large-cap stocks during expansionary and recessionary …

This paper examines the relationship between stock market liquidity, which proxies for the
implicit cost of trading shares, with macroeconomic conditions. We provide evidence that …

The connectedness dynamics between large-, mid-, and small-cap stocks is investigated
using the forecasted error variance decomposition (FEVD) spillover framework of Diebold …

International studies on the cross-section of returns diff er strongly in respect to the empirical
design. In this paper I cover wide range of international papers to give an overview of …

Using daily data from 1999 to 2019, we document a diminishing hedging role that crude oil
plays for the stock market as a result of growing financialization. With interest rates driven …

This paper presents empirical evidence on the effects of the Sarbanes-Oxley Act of 2002 on
the value of firms and on the cross-listing choice of firms destined to three major markets in …

Purpose The primary objective of this study is to determine how concentrated ownership
affects stock returns by country and scale (by market capitalization), like large, medium, and …

The adoption of sustainability standards is often viewed as a profitability conundrum by palm
oil firms and their shareholders. This study examines whether, considering the inherent risk …

This study examines whether the output gap leads portfolio stock returns. The paper
conducts in-sample and out-of-sample forecasting of US stock portfolios formed on the basis …

This study queries the act of making generalization about the dynamics of returns and
volatility spillovers between oil price and US stocks by merely considering only large cap …