Similar Search Results

Do better political institutions help in reducing political pressure on state-owned banks? : evidence from developing countries

Ashraf, Badar Nadeem; Arshad, Sidra; Yan, Liang - In: Journal of risk and financial management : JRFM 11 (2018) 3, pp. 1-10

and earn less in election years. Next, we observed that the political pressure is prevalent only in the countries with …

Persistent link: https://www.econbiz.de/10011895721

Money as an institution : rule versus evolved practice? : analysis of multiple currencies in Argentina

Gómez, Georgina M. - In: Journal of risk and financial management : JRFM 12 (2019) 2/80, pp. 1-14

the empirical case of Argentina as a monetary laboratory and the plurality of currencies that circulate in its economy …. The study argues that while the official currency of Argentina corresponds to the institutions as rules approach, the …

Persistent link: https://www.econbiz.de/10012022107

Old but resilient story : impact of decentralization on social welfare

Delgado, José Luis Alberto; Demirbas, Dilek; Aysan, … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-19

This paper analyzes the fiscal performance of Turkey and Argentina during the period 2000-2021, when both countries …: Centralization in Turkey and Federalism in Argentina and, in general, studied the decentralization impact of both the systems on … the fiscal resource allocation in the Federal system, such as in Argentina, but not in the centralized system such as in …

Persistent link: https://www.econbiz.de/10014284371

Revisiting the long-run dynamic linkage between dividends and share price with advanced panel econometrics techniques

Mohapatra, Sudatta Bharati; Kar, Nirmal Chandra - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-19

The log-linearized present value model (PVM) has been widely used in corporate finance to understand the long-run relationship between share price and dividends using panel data. However, the application of recently established panel econometric approaches that account for slope heterogeneity...

Persistent link: https://www.econbiz.de/10013470997

On survivor stocks in the S&P 500 stock index

Grobys, Klaus - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-24

This paper investigates the performance and characteristics of survivor stocks in the S&P 500 index. Using both in-sample and out-of-sample comparisons, survivor stocks outperformed this market index by a considerable margin. Relative to other S&P 500 index companies, survivor stocks tend to be...

Persistent link: https://www.econbiz.de/10012888297

Dynamic and static volatility interruptions : evidence from the Korean stock markets

Eom, Kyong Shik; Kwon, Kyungyoon; La, Sung Chae; Park, … - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-19

We conducted a comprehensive analysis on the sequential introductions of dynamic and static volatility interruptions (VIs) in the Korean stock markets. The Korea Exchange introduced VIs to improve price formation, and to limit risk to investors from brief periods of abnormal volatility for...

Persistent link: https://www.econbiz.de/10013161697

The dynamic relationship between investor attention and stock market volatility : international evidence

Ben El Hadj Said, Imene; Slim, Skander - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-25

This paper investigates the role of investor attention in forecasting realized volatility for fourteen international stock markets, by means of Google Trends data, over the sample period January 2004 through November 2021. We devise an augmented Empirical Similarity model that combines three...

Persistent link: https://www.econbiz.de/10012821063

Sustainable blueprint : do stock investors increase emissions?

Shobande, Olatunji Abdul; Ogbeifun, Lawrence - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-13

The lack of agreement on climate policies among stock-market investors has raised significant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG...

Persistent link: https://www.econbiz.de/10012821292

Testing stock market efficiency from spillover effect of Panama leaks

Nasir, Adeel; Gherghina, Stefan Cristian; Mata, Mário Nuno - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-23

On 3 April 2016, Mossack Fonseca provided the historically most significant leak of its shareholder’s data for owning offshore companies. Shareholders include many political and influential figures around the globe, which causes a moral hazard. The study analyses the effects of Panama leak...

Persistent link: https://www.econbiz.de/10012821618

On setting day-ahead equity trading risk limits

Fuertes, Ana María; Olmo, Jose - In: Journal of risk and financial management : JRFM 9 (2016) 3, pp. 1-20

This paper investigates the information content of the ex post overnight return for one-day-ahead equity Value-at-Risk (VaR) forecasting. To do so, we deploy a univariate VaR modeling approach that constructs the forecast at market open and, accordingly, exploits the available overnight...

Persistent link: https://www.econbiz.de/10011543115