In this Open-Access-book three essays on empirical asset pricing in international equity
markets are presented. Despite being of fundamental economic and scientific importance
international financial markets have remained considerably underresearched until today. In the
first essay the role of firm-specific characteristics is analyzed for the momentum effect to
exist in international equity markets. The second essay investigates the validity persistence
and robustness of the newly discovered capital share growth factor across international equity
markets as proposed by Lettau et al. (2019) for the U.S. market. Lastly the third and final
essay studies stock market reactions of European vendor banks to distressed loan sale
announcements.
