In this study, we address whether the degree of financial liberalization affects the
aggregated total volatility of stock returns by considering the time-varying nature of financial …

We are the first to demonstrate the decline in the cross-sectional predictability of country and
industry returns in recent years. We examine 53 anomalies in country and industry indices …

In this study, the effect of leverage on investment is analyzed by employing panel data methods
for the Turkish non-financial firms that are quoted on İstanbul Stock Exchange. For one-…

I test the existence of a time-series relationship between the aggregate idiosyncratic volatility
and the market index return at the global level by introducing various global measures of …

The author investigated the existence and significance of a global cross-sectional relation
between idiosyncratic volatility and expected returns by introducing a global idiosyncratic …

We examine the short-run relationship between stock-return volatility and daily equity trading
by several investor groups in the Korean Stock Exchange. We also investigate whether …

This study investigates which index characteristics predict returns in the cross-section of
local industry indexes in six regions. The results show that geographical origin and market …

We examine whether there is a relationship between foreign equity trading and average total
volatility, measured as the value‐weighted average of stock‐return variance in the Istanbul …

Do past alphas predict future country and industry returns? Examination of equity indexes
from 51 stock markets between 1973 and 2018 allows us to demonstrate new return patterns …

This study examines the cross-sectional relation between return range and future returns for
the first time in literature. We show that the return range can serve as a very practical …