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Labor Matching and Equity Prices
Sabah, Nasim - 2021
This article examines the relation between labor matching and long-term equity returns. A long short portfolio of high … minus low labor matching firms generates four-factor abnormal returns of 6.67% annually. The returns are 5.77% over industry … models, number of portfolios, and exclusion of outliers. The higher matching firms also show greater positive surprises and …
Persistent link: https://www.econbiz.de/10013222291
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Give me your wired and your highly skilled : measuring the impact of immigration policy on employers and shareholders
Lin, Carl - 2011
The paper links finance theory to labor economics and political economy in the context of migration and immigration policy. Most research treating the impact of immigration has focused on the consequences for employees as measured by wages, earnings, and employment. Less is known about the...
Persistent link: https://www.econbiz.de/10009308050
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Give Me Your Wired and Your Highly Skilled : Measuring the Impact of Immigration Policy on Employers and Shareholders
Lin, Carl - 2013
The paper links finance theory to labor economics and political economy in the context of migration and immigration policy. Most research treating the impact of immigration has focused on the consequences for employees as measured by wages, earnings, and employment. Less is known about the...
Persistent link: https://www.econbiz.de/10013092819
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Earnings Beta
Ellahie, Atif - 2020
The literature on ‘cash flow' or ‘earnings' beta is theoretically well-motivated in its use of fundamentals, instead of returns, to measure systematic risk. However, empirical measures of earnings beta based on either log-linearizing the return equation or log-linearizing the clean-surplus...
Persistent link: https://www.econbiz.de/10012832530
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Equity values and prediction of earnings with disaggregation of earnings in India
Kumari, Pooja; Mishra, Chandra Sekhar - In: Global business review 21 (2020) 4, pp. 990-1010
Persistent link: https://www.econbiz.de/10012287514
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CEO Backgrounds and Stock Performance : Evidence from the Great Recession
Pang, Jiaren - 2018
Using the Great Recession of 2007-2009 as a quasi-natural experiment, we find that CEOs' work experience is significantly related to firm stock performance while their endowed traits play a limited role in the recession. No CEO characteristics matter during the pre-recession period. CEOs who...
Persistent link: https://www.econbiz.de/10012929913
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An Analyst by Any Other Surname : Surname Favorability and Market Reaction to Analyst Forecasts
Jung, Jay - 2019
We find that forecast revisions by analysts with more favorable surnames elicit stronger market reactions. The effect is stronger among firms with lower institutional ownership and for analysts with non-American first names. Following the 9/11 terrorist attacks, and France and Germany's...
Persistent link: https://www.econbiz.de/10012902967
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Economic Freedom, Financial Crisis and Stock Volatilities in Emerging Markets
Luo, Yongli - 2015
This paper explores how equity market volatility are related with the Index of Economic Freedom for 22 emerging countries over 1995-2010 by considering the impacts of financial crisis. Consistent with theory, we find the overall economic freedom index and it components exert significant impacts...
Persistent link: https://www.econbiz.de/10013033951
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Race-Related Events and Stock Prices
Denes, Matthew; Seppi, Duane J. - 2022
The role of race in American society is evolving driven by law-enforcement-linked Black deaths, Black Lives Matter protests, counter-protests, debates about Confederate monuments, and other race-related events. This raises questions about how changes in bias, systemic racism, and diversity...
Persistent link: https://www.econbiz.de/10013296521
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A Structural VAR Analysis between Vietnam Stock Market and Other Stock Markets
Do, Anh Van - 2010
The paper's purpose is to investigate dynamics of the Vietnamese stock market with other stocks markets around the world since understanding the linkages is important for assessing investment and managing financial risk. To this end, we employed a structural Vector Autoregression (VAR) model to...
Persistent link: https://www.econbiz.de/10013149479