Article history: Accepted 25 February 2013 JEL classification: G12 G14 E43

We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about equilibrium state prices. JEL Classification: D51, D91, G10, G12

K e y w o r d s: market microstructure, day-of-the-week effect, liquidity, turnover, HAC, GARCH, Warsaw Stock Exchange. J E L Classification: C10, C58, G10, G12.

We use a stock-market game and predictions of examination marks to examine differences between overconfidence and biased self-attribution (BSA) of British and Asian students. Although different overconfidence measures show little correlation, Asians are consistently more overconfident than the British. All are equally prone to BSA. © 2007 Elsevier Inc. All rights reserved. JEL classification: G...

We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them to repeatedly earn the difference between the bond asset swap spread and the CDS, known as the basis. We show that the basis size is closely related to me...

Abstract A total of 24 oat genotypes were evaluated across 9 environments using a randomized complete block design with 3 replications. The combined analysis variance indicated that grain yield was significantly affected by genotype, environment, and genotype environment interaction (GEI). environment's main effect explained 44.62% the variation, whereas GEI captured 28.84% 26.54%, respectively...

Existing studies show that intra-firm variation in earnings announcement speeds correlates with earnings news, such that firms are more likely to decrease (increase) the speed of announcing bad (good) earnings news relative to their fiscal period end. We examine firms’ “expected abnormal reporting speeds” not just in relation to their own past behaviors, but also in relation to other firms anno...

We show the financial press is more likely to cover firms with deteriorating performance. Specifically, we show greater media coverage foreshadows declines in firms’ profitability and negative earnings surprises. Similarly, we find the media is more likely to cover firms’ earnings announcements if they convey poor operating performance, suggesting the media tilts its selection process toward ne...