Managerial Finance: Volume 46 Issue 3

Do institutional investors have homogeneous influence on corporate social responsibility? Evidence from investor investment horizon

Yun Meng, Xiaoqiong Wang

The purpose of this paper is to investigate the relation between the investment horizon of institutional investors and corporate social responsibility (CSR).

Analysts’ optimism and stock crash risk

Hyunkwon Cho, Robert Kim

The purpose of this paper is to investigate whether analysts’ optimism affects the stock crash risk.

Ownership dilution and earnings management: evidence from Indian IPOs

Priyesh Valiya Purayil, Jijo Lukose P.J.

Prior research on earnings management largely assumes that newly public firms manage earnings opportunistically around IPOs. However, only a few studies have empirically examined…

Multi-factor asset pricing models in emerging and developed markets

Vaibhav Lalwani, Madhumita Chakraborty

The purpose of this paper is to compare the performance of various multifactor asset pricing models across ten emerging and developed markets.

Markov-switching impacts of housing-market expectations on credit markets

MeiChi Huang

The purpose of this paper is to investigate linkages between households’ expectations and credit markets in the housing crisis.

Some evidence from a principal component approach to measure a new investor sentiment index in the Tunisian stock market

Ahmed Bouteska

The purpose of this paper is to study a novel and direct measurement of investor sentiment index in the Tunisian stock market that overcomes the weaknesses of a well-known…

Measures of firm risk-taking: revisiting Bowman’s paradox

Lujer Santacruz

The purpose of this paper is to contribute to the existing literature on the relationship between firm-level risk and returns and to explore other ways of measuring firm…

Analyzing seasonal anomalies for Israel: evidence from pre- and post-global financial crisis

Dinesh Jaisinghani, Muskan Kaur, Mohd Merajuddin Inamdar

The purpose of this paper is to analyze different seasonal anomalies for the Israeli securities markets for the pre- and post-global financial crisis periods.