I survey corporate governance activity by institutional investors in the United States, and the
empirical evidence on whether this activity affects firm performance. A small number of …

Credit rating agencies make multiple announcements, some of which are intended to reflect
the latest information available about a firm and others of which are intended to provide a …

Purpose The efficient market hypothesis (EMH) states that asset prices in financial markets
always reflect all available information about economic fundamentals. The purpose of this …

The concept of an efficient financial market, in literature known as efficient market hypothesis
(EMH), has had a long and difficult development path from the idea itself to its final …

We document that institutional investors, particularly hedge funds, decreased their holdings
of larger stocks from 1980 to 2010 and increased their holdings of smaller stocks. Since …

Ülkemizde yapilan cesitli calismalarda, gelismekte olan benzer borsalarda oldugu gibi
Istanbul Menkul Kiymetler Borsasi (IMKB)'ýnda da Pazar etkinliginin oldukca az oldugu …

This study examines the day-to-day impact of a surge in investor attention on security prices
within a four-week investment horizon. Focusing on a sample of ADRs traded in the US …

Corporate valuation using multiples is one of the most popular corporate valuation
approaches. In this book, the different steps of this valuation approach such as the selection …

We investigate whether the variation in the level of information availability relates to a
performance differential across share prices. Using the number of analyst reports on the …

In this study, the semi-strong form market efficiency in Istanbul Stock Exchange is tested in
the context of the neglected firm effect. The monthly return data covering ten years between …