Patents and citations are powerful tools increasingly used in financial economics (and
management research more broadly) to understand innovation. Biases may result, however …

The paper focuses on the analysis of the cryptocurrency open innovation market to predict
sustainable growth in the future. The nature of cryptocurrencies 'development leads to the …

In this paper, we examine how to quantify asymmetries in volatility spillovers that emerge
due to bad and good volatility. Using data covering most liquid US stocks in seven sectors …

The properties of earnings have changed dramatically over the past 40 years. Prior studies
interpret this trend as a decline in earnings quality but disagree on whether it results from …

Using data from 56 markets, we find that short-term reversal, post-earnings drift, and
momentum strategies earn similar returns in emerging and developed markets. Variance …

We examine how commonality in liquidity varies across countries and over time in ways
related to supply determinants (funding liquidity of financial intermediaries) and demand …

Consistent with predictions from the psychology literature, we find that stock prices co-move
more (less) in culturally tight (loose) and collectivistic (individualistic) countries. Culture …

Campbell et al.(2001) document that firms' stock returns have become more volatile in the
US since 1960. We hypothesize and find that deteriorating earnings quality is associated …

Abstract Motivated by McLean and Pontiff (2016), we study the pre-and post-publication
return predictability of 241 cross-sectional anomalies in 39 stock markets. We find, based on …

Using a large sample of nonfinancial firms from 47 countries, we examine the effect of
derivative use on firm risk and value. We control for endogeneity by matching users and …