Both the IPO literature and cross listing literature document that soon after the overseas listing of IPOs, the results are negative abnormal returns, and that phenomenon are “ post listing anomaly”. This paper checks whether there is a post listing anomaly and tries to find reasons for it. The paper concludes that the post listing anomaly does not exist. Further, some companies time the market...

The anomalous fluctuations of the stock market should affect the normal operation of the whole financial market, trigger the release of all kinds of unstable factors in financial operation. Therefore, we can quickly find potential risks in the market by analyzing the data of the stock market and detecting anomaly fluctuations. Due to the stock market to produce huge amounts of data, the data pr...

THE INCIDENCE OF INSIDER TRADING IN BETTING MARKETS AND THE GABRIEL AND MARSDEN ANOMALY 1 by MICHAEL CAIN, University of Salford DAVID LAW, University of Wales Swansea and DAVID A. PEEL, University of Wales, Cardiff Estimates of insider trading in the betting on individual races, conditional on the Shin (1993) model, are employed in an analysis of the market anomaly observed by Gabriel and Mars...

We study the persistence over time of a set of well-known equity market anomalies in the cross-section of U.K. stocks. This market provides an excellent setting in which to study anomaly persistence as it is among the most developed and liquid in the world. We find strong evidence of diminished statistical significance for the return reversal effect, the momentum effect, and a number of other w...

This study examines individual behavior in two well-functioning marketplaces to investigate whether market experience eliminates the endowment effect. Field evidence from both markets suggests that individual behavior converges to the neoclassical prediction as market experience increases. In an experimental test of whether these observations are due to treatment (market experience) or selectio...

Recently, understanding the anomalies in financial markets have severely chal-lenged the efficient market hypothesis (EMH). The price momentum is one of the anomalies described as the unexplained short-term return by Fama and French (1996). The present research strives for modeling the price momentum of winner stock in the Iranian capital market. The grounded theory method was used to explain t...

In our 2006 paper, we examined the implications of Michael Lewis’ book for the labor market in Major League Baseball. Our tests provided econometric support for Lewis’ claim of mis-pricing in the baseball labor market’s valuation of batting skills. We also found suggestive evidence that the dispersion of statistical knowledge throughout baseball organizations was associated with a sharp attenua...