Showing 1 - 10 of 10,515
risk management, on robust properties of the SIML estimation of volatility under micro-market noise and random sampling …Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty … and financial crises. The purpose of this special issue on "Advances in Financial Risk Management and Economic Policy …
Persistent link: https://www.econbiz.de/10010366930
This paper investigates whether and how economic policy uncertainty affects corporate debt maturity. Using a large firm-level dataset for four European countries, we find that an increase in economic policy uncertainty is significantly associated with a shortened debt maturity. Moreover, the...
Persistent link: https://www.econbiz.de/10012814383
-country firm-level dataset for France, Germany, Spain, and Italy from 1996 to 2010, we find that an increase in economic policy …
Persistent link: https://www.econbiz.de/10012210022
This paper investigates how economic policy uncertainty affects firms' frequency and their choice of financial instruments to raise capital. By applying a three-step sequential framework over a sample of 6834 publicly listed US non-financial firms, we find that during periods of high economic...
Persistent link: https://www.econbiz.de/10013368393
This paper examines the impact of policy uncertainty on corporate dividend payouts in a sample of 20,856 US firms over the period 1991-2020. In line with the agency theory, we find evidence that firms pay higher dividends to mitigate agency problems during periods of high policy uncertainty. The...
Persistent link: https://www.econbiz.de/10013406596
In diesem Diskussionspapier werden die Ergebnisse einer im Mai/Juni 2007 durchgeführten Unternehmensbefragung im Raum Niedersachsen vorgestellt in Bezug auf die Fragestellung, ob sich Unternehmen, die Innovationsförderung erhalten, von nicht geförderten Unternehmen in Bezug auf generelle...
Persistent link: https://www.econbiz.de/10010266853
Our study extends the existing literature by exploring the impact of three major risk and uncertainty indices on the … equity indices are positively linked with geopolitical risk (GPR), signifying their hedging capabilities against GPR shocks … prominent portfolio risk management and policy implications for investors, risk managers, and policymakers …
Persistent link: https://www.econbiz.de/10014236216
This research study examines the mediating role of cash holdings between the economic policy uncertainty (EPU) and corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at NYSE over 1995-2018, we provide novel evidence that cash...
Persistent link: https://www.econbiz.de/10014500896
Persistent link: https://www.econbiz.de/10014575552