Studies in Economics and Finance: Volume 33 Issue 3

Noisy information and stock market returns

Gang Li

This paper aims to study whether noisy public information that investors receive about the expected aggregate dividend growth rate can help better understand the large average…

Equity fund performance: Can momentum be explained by the pricing of idiosyncratic volatility?

Bin Liu, Amalia Di Iorio, Ashton De Silva

This paper aims to investigate whether idiosyncratic volatility is priced in returns of equity funds while controlling for fund size and return momentum.

Earnings surprises and the response of CDS markets

Paulo Pereira da Silva

This paper aims to investigate the informational content of earnings surprises and accounting information in credit default swap (CDS) markets.

Does the sentiment of investors explain differences between predicted and realized stock prices?

Stella N. Spilioti

The purpose of this paper is to use the Barberis et al. (1998)’s valuation model to calculate the fundamental value of a stock and examine whether the differences between…

The relative term structure and the Australian-US exchange rate

Anh Tuan Bui, Lance A. Fisher

The purpose of this paper is to investigate whether the factors that summarise the information in the yield curves of Australia and the USA can predict changes in the…

Mergers and acquisitions: a review (part 2)

Reza Yaghoubi, Mona Yaghoubi, Stuart Locke, Jenny Gibb

This paper aims to review the relevant literature on mergers and acquisitions in an attempt to provide a comprehensive account of what we know about mergers and which parts of the…