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Structural breaks in global stock markets : are they caused by pandemics, protests or other factors?
Ndako, Joshua A.; Kumeka, Terver T.; Adedoyin, Festus Fatai - 2022
stock market. The data used covers 16 countries of the world and a series of quarterly data ranging from 1919Q1 to 2020Q2 … around the world. The most prominent source of structural breaks in the Asian markets appears to be from the 2008-2009 GFC …. In addition, we found evidence of structural breaks in several stock markets in the world, resulting from the 2009 …
Persistent link: https://www.econbiz.de/10013389107
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Democracy and Stock Market Performance in African Countries
Asongu, Simplice - 2014
Purpose – This paper assesses the incidence of political institutions on stock market performance dynamics in Africa.Design/Methodology/Approach – The estimation technique used is a Two-Stage-Least Squares Instrumental Variable methodology. Channels of democracy, polity and autocracy are...
Persistent link: https://www.econbiz.de/10013047733
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Political Regimes and Stock Market Performance in Africa
Asongu, Simplice - 2018
This paper assesses the effect of political institutions on stock market performance in 14 African countries for which stock market data is available for the period 1990-2010. The estimation technique used is a Two-Stage-Least Squares Instrumental Variable methodology. Political regime channels...
Persistent link: https://www.econbiz.de/10012936040
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Conditional Market Timing in the Mutual Fund Industry
Tchamyou, Vanessa; Asongu, Simplice - 2017
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10015258235
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Effects of asymmetric information on market timing in the mutual fund industry
Tchamyou, Vanessa; Asongu, Simplice; Nwachukwu, Jacinta - 2018
The paper investigates the effects of information asymmetry (between the realised return and the expected return) on market timing in the mutual fund industry. For the purpose, we use a panel of 1488 active open-end mutual funds for the period 2004-2013. We use fund-specific time-dynamic betas....
Persistent link: https://www.econbiz.de/10015260932
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Effects of asymmetric information on market timing in the mutual fund industry
Tchamyou, Vanessa S.; Asongu, Simplice; Nwachukwu, … - 2018
The paper investigates the effects of information asymmetry (between the realised return and the expected return) on market timing in the mutual fund industry. For the purpose, we use a panel of 1488 active open-end mutual funds for the period 2004-2013. We use fund-specific time-dynamic betas....
Persistent link: https://www.econbiz.de/10011956955
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Conditional Market Timing in the Mutual Fund Industry
Tchamyou, Vanessa S.; Asongu, Simplice - 2017
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10011784886
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Conditional Market Timing in the Mutual Fund Industry
S. Tchamyou, Vanessa - 2017
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10012952524
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Effects of Asymmetric Information on Market Timing in the Mutual Fund Industry
S. Tchamyou, Vanessa - 2018
The paper investigates the effects of information asymmetry (between the realised return and the expected return) on market timing in the mutual fund industry. For the purpose, we use a panel of 1488 active open-end mutual funds for the period 2004-2013. We use fund-specific time-dynamic betas....
Persistent link: https://www.econbiz.de/10012924862
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Conditional market timing in the mutual fund industry
Tchamyou, Vanessa S.; Asongu, Simplice - 2017
This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree of responsiveness by fund managers to investigated factors...
Persistent link: https://www.econbiz.de/10011698475