Showing 1 - 10 of 10,354
Persistent link: https://www.econbiz.de/10013259807
This paper studies the interplay between environmental performance and financial valuation of firms in Latin America and the Caribbean. We provide insights into how environmental considerations are integrated into financial decision-making and investor behavior by analyzing the stock market...
Persistent link: https://www.econbiz.de/10014534744
This paper studies the interplay between environmental performance and financial valuation of firms in Latin America and the Caribbean. We provide insights into how environmental considerations are integrated into financial decision-making and investor behavior by analyzing the stock market...
Persistent link: https://www.econbiz.de/10014529773
We examine the impact of COVID-19 (C-19) pandemic on global equity markets by constructing novel infection indices. Our results show that the impact of prompt and large-scale policy interventions is ambiguous yet statistically significant. However, in this equivocality, the impact of global...
Persistent link: https://www.econbiz.de/10013242732
superiority of either a bank-based or a market-based financial system in promoting growth or reducing macroeconomic volatility … investigate the effect of the structure of the financial system on the volatility of output and investment growth as well as their … cyclical components. We do not find evidence that market-based financial structures dampen volatility of output or overall …
Persistent link: https://www.econbiz.de/10012947231
I provide evidence that risks in macroeconomic fundamentals contain valuable information about bond risk premia. I extract factors from a set of quantile-based risk measures estimated for US macroeconomic variables and document that they account for up to 31% of the variation in excess bond...
Persistent link: https://www.econbiz.de/10010478516
While the relationship between oil prices and stock markets is of great interest to economists, previous studies do not differentiate oil-exporting countries from oil-importing countries when they investigate the effects of oil price shocks on stock market returns. In this paper, we address this...
Persistent link: https://www.econbiz.de/10013096494
Various macroeconomic announcements are known to influence asset price volatility. While contemplating the impact of a … underlying cash market, pushes futures prices lower and volatility higher. Conversely, a higher bid-to-cover ratio, which … employment data as having a significant volatility impact on Treasury futures, and highlight the importance of non farm payrolls …
Persistent link: https://www.econbiz.de/10012849805
I quantify the causal impact of macroeconomic uncertainty on time-varying expected returns. The exogenous timing of macroeconomic announcements provides an instrument for uncertainty. Using daily measures of macroeconomic uncertainty and expected equity market returns, I find announcements...
Persistent link: https://www.econbiz.de/10013240699
assessment of its movement, and the task becomes all the more difficult when SENSEX witnesses a lot of volatility. Macroeconomic …
Persistent link: https://www.econbiz.de/10013112101