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The Impact of Terrorist Attacks in G7 Countries on International Stock Markets and the Role of Investor Sentiment
Papakyriakou, Panayiotis - 2019
We consider terrorism acts in G7 countries over the period 1998-2017 and examine their impact on a sample of stock market indices from 66 countries. Using an event-study methodology we find that stock markets decline significantly on the event day and on the following trading day. We further...
Persistent link: https://www.econbiz.de/10012891288
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The short-term impact of COVID-19 on global stock market indices
Singh, Gurmeet; Shaik, Muneer - In: Contemporary economics 15 (2021) 1, pp. 1-18
The COVID-19 pandemic, declared on March 11, 2020 by the World Health Organisation (WHO), has had a severe economic and … financial impact on every economy around the world. This paper aims to analyze the short-term impact of COVID-19 on global … sectors (Pharma, Healthcare, Information Technology, Hotel & Airline) based on the indices of three different economies (World …
Persistent link: https://www.econbiz.de/10012485328
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Reverse Splits in International Stock Markets : Reconciling the Evidence on Long-Term Returns
Zaremba, Adam - 2018
Do firms conducting reverse splits underperform or overperform in the long run? To resolve this question we investigate the long-term returns following more than 5,000 reverse splits conducted in 24 developed equity markets between the years 1990 and 2016. Using the calendar-time portfolio...
Persistent link: https://www.econbiz.de/10012935751
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Strategies on Initial Public Offering of Company Equity at Stock Exchanges in Imperfect Highly Volatile Global Capital Markets with Induced Nonlinearities
Ledenyov, Dimitri - 2015
This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...
Persistent link: https://www.econbiz.de/10013026463
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The Volatility Forecasting of Tehran & International Stock Exchanges
Khaleghi Moghaddam, Hamid - 2010
Stock prices are one of the most volatile economic variables and forecasting stock prices and their returns has proved very challenging, if not impossible. In this paper, we apply a battery of linear and nonlinear models to forecast the returns in nine international stock exchanges for the...
Persistent link: https://www.econbiz.de/10013138023
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The Asset Growth Effect : Insights from International Equity Markets
Watanabe, Akiko - 2013
Firms with higher asset growth rates subsequently experience lower stock returns in international equity markets, consistent with the U.S. evidence. This negative effect of asset growth on returns is stronger in more developed capital markets and markets where stocks are more efficiently priced,...
Persistent link: https://www.econbiz.de/10013086346
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The Asset Growth Effect : Insights from International Equity Markets
Watanabe, Akiko - 2013
Firms with higher asset growth rates subsequently experience lower stock returns in international equity markets, consistent with the U.S. evidence. This negative effect of asset growth on returns is stronger in more developed capital markets and markets where stocks are more efficiently priced,...
Persistent link: https://www.econbiz.de/10013093692
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Is there Momentum in Factor Premia? Evidence from International Equity Markets
Zaremba, Adam - 2019
This study examines the momentum effect in the returns of factor premia representing a broad set of stock market strategies. Using cross-sectional and time-series tests, we investigate the performance persistence of market, value, size, momentum, low-risk, and quality premia within a sample of...
Persistent link: https://www.econbiz.de/10012893036
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Merger Imbalance and Returns in International Equity Markets
Zaremba, Adam - 2017
At the global level, the mispricing theory of mergers by Shleifer and Vishny (2003) may imply that a significant number of targets acquired in a given country is a sign of market-wide undervaluation whereas intense acquisition activity indicates overvaluation. The present study develops a...
Persistent link: https://www.econbiz.de/10012968527
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Contagious Margin Calls : How COVID-19 Threatened Global Stock Market Liquidity
Foley, Sean - 2020
The COVID-19 pandemic has caused some of the largest - and fastest - market dislocations in modern history. Contemporaneous with the significant fall in equity market values is the evaporation of market liquidity. We show that transactions costs increase sharply in a coordinated fashion across...
Persistent link: https://www.econbiz.de/10012828843