differences of opinion is left, and hence volatility is decreased. …

This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the … European utilities, they lead to an appreciation of oil and gas stocks. Most importantly, we show that oil market volatility … negatively affects European oil and gas stocks. In contrast, energy stock volatility is not driven by volatility of the resource …

-price monetary model and the Mundell-Fleming model. These models are the theoretical basis for the estimation of latent structural …

This paper investigates the effects of macroeconomic volatility on nonfinancial firms cash holding behavior. Using an … augmented cash bufferstock model, we demonstrate that an increase in macroeconomic volatility will cause the crosssectional …