Go to content
UR Home

A Reexamination of the Issuance and Investment Anomalies in International Markets

Walkshäusl, Christian ; Lobe, Sebastian


This paper reexamines the issuance anomaly suggested by McLean, Pontiff, and Watanabe (2009) and the investment anomaly proposed by Titman, Wei, and Xie (2012) in international markets. We examine 40 non-U.S. stock markets across various aggregation levels. We find that international markets, unlike the U.S. market, demonstrate the following: (i) the issuance anomaly is not pervasive because it ...


Owner only: item control page
  1. Homepage UR

University Library

Publication Server


Publishing: oa@ur.de

Dissertations: dissertationen@ur.de

Research data: daten@ur.de

Contact persons