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Three major crises and Asian emerging market informational efficiency : a case of Pakistan Stock Exchange-100 Index

Said, Bahrawar; Shafiq ur Rehman; Raza, Muhammad Wajid - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-13

Periods of economic turmoil distort the ability of stock prices to reflect the available information. In the last three decades, emerging markets experienced numerous crises. The major three of them are the Asian Financial Crisis (1997-1998), Global Financial Crisis (2007-2009) and Global...

Persistent link: https://www.econbiz.de/10014284076

CDS Market Transparency and Equity Market Quality

Haas, Marlene - 2020

Following the recent financial crisis, increasing the transparency of credit default swap (CDS) markets has been a popular goal among regulators. We examine how changes in the transparency of the CDS market can impact liquidity in the corresponding equity market. We first extend a model of...

Persistent link: https://www.econbiz.de/10012856221

The global financial crisis impact on stock market efficiency : a Fourier unit root tests analysis

Shaik, Muneer; Kamdar, Pratik; Nawaz, Nishad; Rabbani, … - In: Cogent economics & finance 12 (2024) 1, pp. 1-16

This study investigates how the Global Financial Crisis has affected the weak-form Efficient Market Hypothesis (EMH) on the stock prices of sixteen nations throughout the globe based on a suite of Fourier unit root tests. Considering the smooth structural breaks, we employed the Fourier-based...

Persistent link: https://www.econbiz.de/10015337835

Weak-form market efficiency and corruption : a cross-country comparative analysis

İcan, Özgür; Çelik, Taha Buğra - In: Journal of capital markets studies 7 (2023) 1, pp. 72-90

Purpose - The economic and administrative conditions of countries normatively have an effect on the economy and level of market development. Moreover, it is of great importance for a healthy economy whether the public institutions and organizations are transparent and functioning in accordance...

Persistent link: https://www.econbiz.de/10014318195

Only Gamble in Town : Stock Market Gambling Around the World and Market Efficiency

Kumar, Alok - 2020

This paper examines how gambling-motivated trading affects aggregate financial market outcomes. Using a unique global gambling data set covering 39 countries, we show that the dollar volume of stock market gambling is at least 3.5 times the combined volume of “traditional” gambling outlets...

Persistent link: https://www.econbiz.de/10012823949

Influence of the Russia-Ukraine war and COVID-19 pandemic on the efficiency and herding behavior of stock markets : evidence from G20 nations

Memon, Bilal Ahmed; Aslam, Faheem; Naveed, Hafiz Muhammad; … - In: Economies : open access journal 12 (2024) 5, pp. 1-32

Efficiency in stock markets is essential for economic stability and growth. This study investigates the efficiency and herding behavior of the stock markets from the top economies of the world (known as G20 countries). We classify stock market indices using MSCI classification for the developed...

Persistent link: https://www.econbiz.de/10014636008

Buzzwords Build Momentum : Global Financial Twitter Sentiment and the Aggregate Stock Market

Groß-Klußmann, Axel - 2019

finance-related Twitter messages we identify expert users whose tweets predominantly focus on finance topics. We document that … expert users are the main drivers behind a significant contemporaneous link between Twitter sentiment and financial markets … investment strategies based on Twitter signals that survive basic transaction cost assumptions. In this context, our results show …

Persistent link: https://www.econbiz.de/10012867427

Equity financing of firms : a study of the underpricing of new issues of common stock in Nigeria

Anaere, Charles Ikechukwu - 1998 - Als Ms. gedr.

Persistent link: https://www.econbiz.de/10000996959

Weak-form efficiency after global financial crisis : emerging stock market evidence

Emenike, Kalu O. - In: Journal of emerging market finance 16 (2017) 1, pp. 90-113

Persistent link: https://www.econbiz.de/10011691190

Risk Aversion Connectedness in Developed and Emerging Equity Markets before and after the COVID-19 Pandemic

Fassas, Athanasios - 2021

This study investigates the dynamic connectedness across the variance risk premium in international developed and emerging equity markets based on a Bayesian time-varying parameter vector autoregressive methodology.The empirical results indicate that the total spillover index is on average...

Persistent link: https://www.econbiz.de/10013244502