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Why Do Foreign Firms Have Less Idiosyncratic Risk than U.S. Firms?

Bartram, Söhnke M. - 2019

idiosyncratic risk than a comparable U.S. firm. Country characteristics help explain variation in the level of idiosyncratic risk …, but less so than firm characteristics. Idiosyncratic risk falls as government stability and respect for the rule of law … improve. Idiosyncratic risk is positively related to stock market development but negatively related to bond market …

Persistent link: https://www.econbiz.de/10012906259

From Free Markets to Fed Markets : How Unconventional Monetary Policy Impacts Equity Markets

Putniņš, Tālis J. - 2020

In response to the COVID-19 pandemic, the US Federal Reserve almost doubled its balance sheet by adding $3 trillion of assets (13% of GDP) in the space of three months, constituting the most aggressive unconventional monetary policy on record. We show that these actions had a substantial effect...

Persistent link: https://www.econbiz.de/10012831878

The impact of macroeconomic factors on the German stock market : evidence for the crisis, pre- and post-crisis periods

Celebi, Kaan; Hönig, Michaela - In: International Journal of Financial Studies : open … 7 (2019) 2/18, pp. 1-13

Today we live in a post-truth and highly digitalized era characterized by a flow of (mis-) information around the world. Identifying the impact of this information on stock markets and forecasting stock returns and volatilities has become a much more difficult task, perhaps almost impossible....

Persistent link: https://www.econbiz.de/10012039605

Financial frictions and the reaction of stock prices to monetary policy shocks

Ozdagli, Ali - 2014 - This version: July 29, 2014

This paper reveals and tests a new theoretical implication of the credit channel of monetary policy: as financial frictions (monitoring or auditing costs) increase, the reaction of stock prices to monetary policy shocks decreases. Correspondingly, towards the end of the Enron accounting scandal,...

Persistent link: https://www.econbiz.de/10010395119

Stock Market Reaction to Monetary Policy Surprises Under Uncertainty

Benchimol, Jonathan; Saadon, Yossi; Segev, Nimrod - 2023

This article investigates how uncertainty impacts the effect of monetary policy surprises on stock returns. Using high-frequency US data, we demonstrate that stock markets respond more aggressively to monetary policy surprises during periods of high uncertainty. We also show that uncertainty...

Persistent link: https://www.econbiz.de/10014348626

Expectation dispersion, uncertainty, and the reaction to news

Born, Benjamin; Dovern, Jonas; Enders, Zeno - 2020

Releases of key macroeconomic indicators are closely watched by financial markets. We investigate the role of expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find that the strength of the financial market response to news decreases with the...

Persistent link: https://www.econbiz.de/10012404549

Expectation dispersion, uncertainty, and the reaction to news

Born, Benjamin; Dovern, Jonas; Enders, Zeno - 2020

Persistent link: https://www.econbiz.de/10012404647

Stock liquidity, stock price crash risk, and foreign ownership

Alp, Ozge Sezgin; Canbaloglu, Bilge; Gurgun, Gozde - In: Borsa Istanbul Review 22 (2022) 3, pp. 477-486

investors, divided between institutional and individual investors, on the relation between liquidity and crash risk. The … findings indicate that higher stock liquidity increases the crash risk as the share of foreign institutional investor rises … generally increases the stock price crash risk. …

Persistent link: https://www.econbiz.de/10013334773

Fundamental Characteristics of Russia’s Equity Market in 2018

Abramov, A. E. - 2019

In 2018, the Russian stock market held up its reputation as one of the most volatile markets in the world. In 2018, Russian companies' stocks turned out to be instruments with highest returns, outperforming 36 world's largest stock exchange markets, in contrast to 2017, when Russian stocks were...

Persistent link: https://www.econbiz.de/10012863503

U.S. Stock Market Correction : Causes and Effects

Abramov, A. E. - 2018

The U.S. stock market entered a major correction on 2 February 2018, impacting most of the markets worldwide. Stock indices plunged as volatility increased. The correction was spurred mainly by the U.S. stock market overvaluation as well as concerns about inflation spike in the United States....

Persistent link: https://www.econbiz.de/10012926344