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How Art Market Reacts to Financial Market Crisis?
Rezaee, Amir - 2020
Persistent link: https://www.econbiz.de/10012852431
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Incompatible European partners? : cultural predispositions and household financial behavior
Chaliasos, Michaēl; Jansson, Thomas; Karabulut, Yigitcan - 2015
The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants....
Persistent link: https://www.econbiz.de/10012061562
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The use of the recognition heuristic as an investment strategy in European stock markets
Lobão, Júlio; Pacheco, Luís; Pereira, Carlos - In: Journal of economics, finance & administrative science 22 (2017) 43, pp. 207-223
Purpose: People often face constraints such as a lack of time or information in taking decisions, which leads them to use heuristics. In these situations, fast and frugal rules may be useful for making adaptive decisions with fewer resources, even if it leads to suboptimal choices. When applied...
Persistent link: https://www.econbiz.de/10011875260
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Currency Hedging Strategies, Strategic Benchmarks and the Global and Euro Sovereign Financial Crises
Caporin, Massimiliano - 2013
This paper investigates dynamic currency hedging benefits, with a further focus on the impact of currency hedging … is hedged. Hedging strategies of currency risk, using exchange rates futures and driven by several multivariate GARCH … decrease in hedging rations compared to naïve hedging strategies based on linear regressions or variance smoothing …
Persistent link: https://www.econbiz.de/10013074792
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Carbon Home Bias of European Investors
Adriaan Boermans, Martijn - 2020
We study how investor's persistent preference to invest more in the home market — “home bias” — is affecting investor's efforts to mitigate risks associated with climate change. When investors have a tendency to tilt their portfolio towards domestic assets, the carbon intensity in the...
Persistent link: https://www.econbiz.de/10012830456
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Carbon Home Bias of European Investors
Adriaan Boermans, Martijn; Galema, Rients - 2023
We investigate the extent to which investors exhibit carbon home bias: disproportionate investment in carbon-intensive firms from the home market. We utilize a comprehensive stock-level holdings dataset of European investors to understand the relationship between carbon home bias, divestment and...
Persistent link: https://www.econbiz.de/10014349709
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Large shareholder diversification and corporate risk-taking
Faccio, Mara; Marchica, Maria-Teresa; Mura, Roberto - 2011
Using new data for the universe of firms covered in Amadeus, we reconstruct the portfolios of shareholders who hold equity stakes in private and publicly-traded European firms. We find great heterogeneity in the degree of portfolio diversification across large shareholders. Exploiting this...
Persistent link: https://www.econbiz.de/10009411473
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Large Shareholder Diversification and Corporate Risk-Taking
Faccio, Mara - 2012
Using new data for the universe of firms covered in Amadeus, we reconstruct the portfolios of shareholders who hold equity stakes in private and publicly-traded European firms. We find great heterogeneity in the degree of portfolio diversification across large shareholders. Exploiting this...
Persistent link: https://www.econbiz.de/10013116279
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The Impact of EMU on the Equity Cost of Capital
Malliaropulos, Dimitris; Hardouvelis, Gikas A.; … - 2022
This paper shows that during the 1990s the process of gradual economic and monetary integration, which eventually led to EMU, also resulted in a reduction in the equity cost of capital. A similar reduction was not present in the three EU countries which chose not to enter the Eurozone. There was...
Persistent link: https://www.econbiz.de/10014236927
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Assessing the diversification risk of a single equity market : evidence from the largest European stock indexes
Nuhiu, Artor; Aliu, Florin; Peci, Bedri - In: International journal of management and economics 58 (2022) 1, pp. 3-16
Diversification of financial securities is considered a substantial element of portfolio risk. In this context, the construction of an optimal portfolio is an ongoing concern for portfolio managers. This study measures the risk-reward tradeoffs linked to the stock indexes of Germany, Spain,...
Persistent link: https://www.econbiz.de/10013277308