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Beyond green bonds: Stock market reactions to ESG bond announcements and issuances in Japan

Yuan, Mingqing - 2024

This study examines the stock market reactions to the announcements and issuances of 402 ESG bonds from 153 listed Japanese firms, employing an event study methodology. Results show strong positive market reactions to green bonds and transition bonds, while sustainability bonds evoke modest...

Persistent link: https://www.econbiz.de/10015213469

Green Bond Issuance by Firms, External Monitoring, and Probability of Default: An Empirical Research Based on Green Policies

Hong, Jifeng; Kazakis, Pantelis; Strieborny, Martin - 2024

Utilizing a staggered Difference-in-Differences (DID) approach, we investigate the impact of green bond issuance on the … probability of default among Chinese firms from 2016 to 2022. We find that issuing a green bond significantly reduces the firm … for firms facing a high level of competition. Our results also suggest that the transmission from green bond issuance to …

Persistent link: https://www.econbiz.de/10015214652

¿Puede el gobierno corporativo aprender del gobierno público?

Brugger Jakob, Samuel Immanuel - 2007

In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...

Persistent link: https://www.econbiz.de/10015215939

Bootstrapping Fuzzy-GARCH Regressions on the Day of the Week Effect in Stock Returns: Applications in MATLAB

Giovanis, Eleftherios - 2009

This paper examines the well know day of the week effect on stock returns. Various approaches have been developed and applied in order to examine calendar effects in stock returns and to formulate appropriate financial and risk portfolios. We propose an alternative approach in the estimation of...

Persistent link: https://www.econbiz.de/10015221355

COMMENTS on: “Choice between debt and equity contracts and asymmetrical information: Some empirical evidence"

Islahi, Abdul Azim - 2000

This is a comment as discussant of a paper entitled “Choice between debt and equity contracts and asymmetrical information: Some empirical evidence" by Qazem Sadr and Zameer Iqbal, included in Iqbal, M. and Llewellyn, David T. (edit), Islamic Banking and Finance: New Perspectives on Profit...

Persistent link: https://www.econbiz.de/10015221817

Textual Information and IPO Underpricing: A Machine Learning Approach

Katsafados, Apostolos G.; Androutsopoulos, Ion; … - 2020

This study examines the predictive power of textual information from S-1 filings in explaining IPO underpricing. Our empirical approach differs from previous research, as we utilize several machine learning algorithms to predict whether an IPO will be underpriced, or not. We analyze a large...

Persistent link: https://www.econbiz.de/10015222803

Study On Dividend Policy: Antecedent and Its Impact On Share Price

Murhadi, Werner-Ria - 2008

dividend policy has information content that can influence to share price. Examination of theory of signaling is related to … to the research result showing the existence or inexistence of the influence of dividend policy to share price. Besides …: (1) Free Cash Flow to share price, (2) Structure of Ownership to share price, and (3) Structure of ownership to dividend …

Persistent link: https://www.econbiz.de/10015223505

Does the weather affect stock market volatility?

Daskalakis, George; Symeonidis, Lazaros; Markellos, Raphael - 2009

This paper investigates the empirical association between stock market volatility and investor mood-proxies related to the weather (cloudiness, temperature and precipitation) and the environment (nighttime length). Overall, our results suggest that cloudiness and length of nighttime are...

Persistent link: https://www.econbiz.de/10015228955

Study On Dividend Policy in Indonesian Capital Market

Murhadi, Werner-Ria - 2008

Persistent link: https://www.econbiz.de/10015230152

Overvalued equity and financing decisions

Dong, Ming; Hirshleifer, David; Teoh, Siew Hong - 2012

issuance to misvaluation. Consistent with managers catering to maintain overvaluation and with investment scale economy effects … opportunities (low book-to-market, high R&D, or small size) and high share turnover. …

Persistent link: https://www.econbiz.de/10015233054