This article adopts the asymmetric DCC with one exogenous variable (ADCCX) model developed by Vargas (2008), by updating the concept of ‘volatility surprise’ to capture cross-market relationships. Current methods for measuring spillovers do not focus on volatility interactions, and neglect...

Stakeholder perspectives on crisis management provide a useful descriptive framework to analyse crises and to develop crisis narratives. However, their ‘actionability’ for crisismanagement, i.e. the possibility to use stakeholder management models in operationalcrisis management processes,...

This paper provides evidence of informed trading before and after a rights issue. First, we find significant net buying and selling activity by informed traders prior to the announcement date leading to a temporary price pressure effect. Even though those results are consistent with the presence...

The "new economic geography" that first appeared in the 1990s suggests that local endogenous potential can foster economic development. Policy-makers are advised to create a positive business climate by using new growth factors such as knowledge, confidence and cooperation networks combined with...

This study examines the relationship between the currency fluctuations and the stock prices of the French exporting companies. The empirical results show that 58% of the companies have a significant sensitivity to the fluctuations of the exchange rate index over the period from January 1993 to...