Market Development, Information Diffusion and the Global Anomaly Puzzle
(2022)
Journal Article
Cai, C. X., Keasey, K., Li, P., & Zhang, Q. (2023). Market Development, Information Diffusion and the Global Anomaly Puzzle. Journal of Financial and Quantitative Analysis, 58(1), 104-147. https://doi.org/10.1017/s0022109022000643
Previous literature finds anomalies are at least as prevalent in developed markets as in emerging markets; namely, the global anomaly puzzle. We show that while market development and information diffusion are linearly related, information diffusion... Read More about Market Development, Information Diffusion and the Global Anomaly Puzzle.