We examine the role of the vaccine initiation rate in mitigating the international stock market volatility during COVID …

limit risk to investors from brief periods of abnormal volatility, for individual stocks. We find that dynamic VI is … volatility interruptions (VIs) in the Korean stock markets. The Korea Exchange introduced VIs to improve price formation, and to …

University of Hong Kong Business School).Trading venues have adopted volatility interruption measures to protect investors from … extreme price gyrations and disorderly markets. Among such measures, Volatility Control Mechanisms (VCMs) are implemented …

interventions, and stock market volatility, drawing upon an extended time period of one year, to independently test, confirm and … differences and similarities utilizing an asymmetric measure of volatility. We find that there are major differences between these … markets with respect to investors’ interpretation of risk in response to daily new confirmed cases, death rates, recovery …

impact that dominant stockholder's share pledging has on both systematic right-tail risk and left-tail risk. Furthermore, we … by share pledges, will reduce the systematic right-tail risk. Second, the controlling shareholder who pledges their own … holdings will bring down the systematic left-tail risk through the earnings management channel. Additionally, we conduct …

equities. We find that global financial crisis induced changes to domestic and international investors' appetite for risk …

reduction in systematic risk. Using the policy as a natural experiment, we test this implication using a difference …-in-differences estimator and a sample of 786 stocks in the Shanghai market. We find that risk-sharing explains over 40 percent of the price … the efficiency of the Chinese stock market, to the extent that the reduction of systematic risk is priced into those …