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Stocks and shocks
Scholtens, Bert; Steensma, Marélie - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 223, pp. 347-361
How do stock markets respond to extreme events? This paper analyzes the reaction ofstock markets in four industrialized economies (Italy, the Netherlands, Sweden, the US) to ten major international crises. We employ an event study to investigate whether the stock exchanges react differently with...
Persistent link: https://www.econbiz.de/10010752554
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The Development of the State Bond Market
Alexander, Ivanter; Anatoly, Peresetsky - EERC Research Network, Russia and CIS - 1999
In this paper we study relations between various segments of the Russian financial market (GKO market, currency market, interbank loans market and stock market). We pay special attention to the GKO market, which is remarkable for its volume and significance. We consider relations of the GKO...
Persistent link: https://www.econbiz.de/10005121382
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The relationship between stock market parameters and interbank lending market: an empirical evidence
Yandiev, Magomet; Pakhalov, Alexander - Faculty of Economics, M. V. Lomonosov Moscow State … - 2013
The article presents calculations that prove practical importance of the earlier derived theoretical relationship between the interest rate on the interbank credit market, volume of investment and the quantity of securities tradable on the stock exchange.
Persistent link: https://www.econbiz.de/10010859287
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Intra-day market activity
Gouriéroux, Christian; Jasiak, Joanna; Le Fol, Gaëlle - Université Paris-Dauphine (Paris IX) - 1999
measures for single stocks and multiple assets. The proposed measures involve weighted durations, i.e. times necessary to sell … (buy) a predetermined volume or value of stocks. As such, they capture dependencies between intra-trade durations … of selected stocks. …
Persistent link: https://www.econbiz.de/10011074170
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Market Value and Patent Citations
Hall, Bronwyn H.; Jaffe, Adam; Trajtenberg, Manuel - In: RAND Journal of Economics 36 (2005) 1, pp. 16-38
Tobin's q equations on the ratios of R&D to assets stocks, patents to R&D, and citations to patents. We find that each ratio …
Persistent link: https://www.econbiz.de/10005551218
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The Effect of Crossing-Network Trading on Dealer Market's Bid-Ask Spreads
Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2006
This article provides new insights into market competition between traditional exchanges and alternative trading systems in Europe. It investigates the relationship between the trading activity of a crossing network (CN) and the liquidity of a traditional dealer market (DM) by comparing data...
Persistent link: https://www.econbiz.de/10011093892
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Dissemination of Stock Recommendations and Small Investors: Who Benefits?
Yazici, Bilgehan; Muradoglu, Gulnur - In: Multinational Finance Journal 6 (2002) 1, pp. 29-42
returns. On the contrary, it provides a valuable deal to its ‘preferred investors’, if any, in selecting the stocks. If one …
Persistent link: https://www.econbiz.de/10010938717
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Does Underwriter Reputation Affect the Performance of IPO Issues?
Wang, Junbo; Liu, Sheen; Wu, Chunchi - In: Journal of Entrepreneurial Finance 8 (2003) 3, pp. 17-41
bankers underwriting their stocks. Similar to previous studies on well-developed stock markets, we find that the initial … return on the first day of trading is strongly positive for Chinese IPO stocks due to underpricing. This initial return is … trading day, we find that the cumulative return becomes negative but that stocks with more prestigious underwriters experience …
Persistent link: https://www.econbiz.de/10010790621
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Médias et sentiment sur les marchés actions européens - Impact of sentiment media on European stock markets
Nicolas BOITOUT, Fabrice HERVÉ, Mohamed ZOUAOUI - Université de Bourgogne - CREGO EA7317 Centre de … - 2015
column. We find that our investor sentiment measure impacts the returns of stocks hard to value and difficult to arbitrage …
Persistent link: https://www.econbiz.de/10011123756
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¿Influyen los tigres asiáticos en el comportamiento gregario español?
Blasco, Natividad; Corredor, Pilar; Ferreruela, Sandra - In: El Trimestre Económico LXXVII (2) (2010) 306, pp. 423-444
did not affect herding intensity to the same extent across all stocks, the largest and most persistent impact of the … crisis being found in stocks with derivatives during the sample period. An additional analysis across sectors reveals that …
Persistent link: https://www.econbiz.de/10008559995