This paper investigates the market reaction to short sales on an intraday basis in a market
setting where short sales are transparent immediately following execution. We find a mean …

Index funds have grown significantly over the past decade, however empirical research
concerning these passive investment offerings is surprisingly scarce in the literature. While the ‘…

We provide the first empirical test of the relation between CEO narcissism and earnings
manipulation. We test the hypothesis that narcissistic leaders over‐identify themselves with the …

This paper documents a strengthening in the lead of stock index futures returns over stock
index returns around macroeconomic information releases. Some evidence of a strengthening …

Prior research into the cost of trading on the Australian Stock Exchange has identified brokerage
fees and the bid‐ask spread as significant elements of total transaction costs. While an …

In the absence of information regarding whether a trade is buyer or seller initiated, many
researchers have employed the ‘tick’ rule as a proxy. These researchers have been supported …

This study examines the impact of allowing traders to co‐locate their servers near exchange
servers on the liquidity of futures contracts traded on the Australian Securities Exchange. It …

Purpose – Opposition to transnational calls for the adoption of accrual-based accounting in
the public sector may stem from arguments that it is associated with poor earnings quality. …

Several studies have reported strong evidence of commonality in liquidity in US markets. The
present study uses the research design of Chordia et al. (2000) to examine commonality in …

Over the past decade the growth of index funds has been substantial. This period has also
witnessed increased availability of new index-linked products (eg exchange traded funds) …