Journal of Capital Markets Studies: Volume 5 Issue 1 , Open Access

Editorial

Guler Aras

Equity crowdfunding and financial literacy of individual investors in Japan

Masatoshi Fujii, Chie Hosomi, Yoshiaki Nose

This study aims to fill the gap in previous research that focuses on the superficial aspects of equity crowdfunding (ECF) campaigns and financial practices by examining financial…

Dynamic risk-based optimization on cryptocurrencies

Bayu Adi Nugroho

It is crucial to find a better portfolio optimization strategy, considering the cryptocurrencies' asymmetric volatilities. Hence, this research aimed to present dynamic…

What does corporate social advocacy signal? Evidence from boycott participation decisions

Pyemo N. Afego, Imhotep P. Alagidede

This paper explores how a firm's public stand on a social-political issue can be a salient signal of the firm's values, identity and reputation. In particular, it investigates how…

Cracking the fault line in stock markets: the case of bonus issue announcements

Murat Isiker, Oktay Tas

The paper aims to measure the magnitude of the event-induced return anomaly around bonus issue announcement days in Turkey for recent years. Also, by describing the information…

Leverage and firm performance: new evidence on the role of economic sentiment using accounting information

Petros Kalantonis, Christos Kallandranis, Marios Sotiropoulos

The goal of this paper is twofold. First, to examine the role of expectations in shaping agents' behaviour within an extended time frame which incorporates a prolonged harsh…