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Watch what I do, not what I say : the unintended consequences of the Homeland Investment Act

Dharmapala, Dhammika; Foley, C. Fritz; Forbes, Kristin - 2010 - Rev.

The Homeland Investment Act provided a tax holiday for the repatriation of foreign earnings. Advocates argued the Act … shows that repatriations did not increase domestic investment, employment or Ramp;Dmdash;even for firms that appeared to be …

Persistent link: https://www.econbiz.de/10003948309

Does costly reversibility matter for U.S. public firms?

Bai, Hang; Li, Erica X. N.; Xue, Chen; Zhang, Lu - 2019

level. The firm-level investment rate distribution is highly skewed to the right, with a small fraction of negative … estimated via simulated method of moments, the standard investment model explains the average value premium, while … simultaneously matching the key properties of the investment rate distribution, including the cross-sectional volatility, skewness …

Persistent link: https://www.econbiz.de/10012120359

Islamic Capital Markets for United States Parties : Overview and Select Shari'ah Governance Elements

McMillen, Michael J. T. - 2014

This is a chapter for the forthcoming book in West Publishing Company's Inside the Minds Series focusing on Financial Services Enforcement and Compliance (published by Aspatore Books). This chapter provides an overview of nature and current state of the markets for the equity side and debt...

Persistent link: https://www.econbiz.de/10013063503

Did Congress trade ahead? Considering the reaction of US industries to COVID-19

Goodell, John W. - 2020

During the ongoing COVID-19 pandemic in the US, there has been considerable media attention regarding several US legislators who traded stocks in late January through February 2020. The concern is that these legislators traded in anticipation of COVID-19 having a major impact on the financial...

Persistent link: https://www.econbiz.de/10012833226

Trade Policy Uncertainty and Global Stock Returns : Evidence from the 2016 US Presidential Election

Bui, Dien Giau; Hasan, Iftekhar; Lin, Chih-Yung; Vaike, … - 2023

Pástor and Veronesi (2012) develop a general equilibrium model to examine the relation between policy uncertainty and asset prices. Extending to their study, we develop a novel measure of firms’ uncertainty about the change in bilateral trade flows between each country and the US. We...

Persistent link: https://www.econbiz.de/10014362466

Are stock returns a leading indicator for real macroeconomic developments?

Burgstaller, Johann - 2002

I examine whether or not returns on stock markets are a leading indicator for real macroeconomic developments in Austria, Japan and the USA. Further I deal with the concept of stock market efficiency, the question whether or not information from real and financial sectors of the economy is...

Persistent link: https://www.econbiz.de/10010294592

Surprises in scheduled releases: why do they move the bond market?

Hess, Dieter E. - 2000

It is well known that information arrival has an impact on prices volatility, and trading volume in financial markets (see e.g., Goodhart and O?Hara 1997). Scheduled macroeconomic announcements, such as monthly employment figures, consumer prices, or building permits, stand out from the steady...

Persistent link: https://www.econbiz.de/10010297725

A mean variance king? Creation and resolution of uncertainty under the employment report's reign

Hautsch, Nikolaus; Hess, Dieter E. - 2001

This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the intraday price process by including appropriate variables accounting for the news flow into both the mean and the variance function. This allows us to differentiate between the...

Persistent link: https://www.econbiz.de/10010297797

International Stock Return Predictability Under Model Uncertainty

Schrimpf, Andreas - 2008

This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...

Persistent link: https://www.econbiz.de/10010298059

How do commodity futures respond to macroeconomic news?

Hess, Dieter E.; Huang, He; Niessen-Ruenzi, Alexandra - 2008

This paper investigates the impact of seventeen US macroeconomic announcements on two broad and representative commodity futures indices. Based on a large sample from 1989 to 2005, we show that the daily price response of the CRB and GSCI commodity futures indices to macroeconomic news is...

Persistent link: https://www.econbiz.de/10010302532

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