Using the Investors' Intelligence sentiment index, we employ a generalized autoregressive
conditional heteroscedasticity-in-mean specification to test the impact of noise trader risk on …

… Indro and Christine X. Jiang are assistant professors of finance at Kent State University.
Michael Y. Hu is professor of marketing at Kent State University and the Chinese University of …

Econometric methods used in foreign exchange rate forecasting have produced inferior out‐of‐sample
results compared to a random walk model. Applications of neural networks have …

We study after-hours trading (AHT), price contributions, and price discovery following quarterly
earnings announcements released outside of the normal trading hours. For Standard & …

This study examines the impact of Regulation Fair Disclosure (FD) on liquidity, information
asymmetry, and institutional and retail investors trading behavior. Our main findings suggest …

This paper studies the role of American Depository Receipts (ADRs) in international diversification
by using a sample of 113 ADRs from eight foreign countries over 1980–1994. We find …

In this paper, we investigate the empirical relationship between institutional ownership,
number of analysts following and stock market liquidity. We find that firms with larger number of …

We compare volatility and transaction costs for National Association of Securities Dealers
Automated Quotations (NASDAQ) and New York Stock Exchange (NYSE) firms after …

We investigate the relationship between internal governance and firms' innovation. We
hypothesize that internal governance stemming from the difference in expected employment …

We analyze and compare the information quality of order flows on the exchange and on off-exchange
venues reported to Trade Reporting Facilities. Compared to exchange order flow, …