Special issue to honor landmarked momentum paper: Preface and selective views on empirical asset pricing research in emerging markets

Abstract

This article is the preface to this special issue to honor Jegadeesh and Titman's (1993) landmarked momentum paper. In this preface, we also give the reasons for the lack of empirical studies in emerging markets and highlight the vast variations of formal and informal institutions across countries in Asia, giving us valuable opportunities to test existing asset pricing models. We express our views on the directions for future empirical asset pricing research in Asian markets.