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Political Regimes and Stock Market Performance in Africa
Asongu, Simplice - 2018
Instrumental Variable methodology. Political regime channels of democracy, polity and autocracy are instrumented with legal …
Persistent link: https://www.econbiz.de/10012936040
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Democracy and stock market performance in African countries
Asongu, Simplice A. - 2011
. Channels of democracy, polity and autocracy are instrumented with legal-origins, religious-legacies, income-levels and press … broadly demonstrate that democracy improves investigated stock market performance dynamics. Practical implications – As a … to assess the incidence of democracy on stock market performance in an exclusive African context. Political strife has …
Persistent link: https://www.econbiz.de/10011410317
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Democracy and Stock Market Performance in African Countries
Asongu, Simplice - 2014
.Design/Methodology/Approach – The estimation technique used is a Two-Stage-Least Squares Instrumental Variable methodology. Channels of democracy … demonstrate that democracy improves investigated stock market performance dynamics.Practical Implications – As a policy … incidence of democracy on stock market performance in an exclusive African context. Political strife has plagued many African …
Persistent link: https://www.econbiz.de/10013047733
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Why ‘Democracy’ and ‘Drifter’ Firms can have Abnormal Returns : The Joint Importance of Corporate Governance and Abnormal Accruals in Separating Winners from Losers
Kee, Koon Boon - 2014
removing firms with Low AA attenuates the good governance (Democracy) portfolio returns to no different from zero over the … period of 1991-2008. Good governance per se no longer pays off. Isolating the long portfolio of Democracy firms with Low AA … abnormal future returns as predicted in the seminal paper by Sloan (1996), but Democracy firms have positive abnormal returns …
Persistent link: https://www.econbiz.de/10013069518
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Why ‘Democracy’ and ‘Drifter’ Firms can have Abnormal Returns : The Joint Importance of Corporate Governance and Abnormal Accruals in Separating Winners from Losers
Kee, Koon Boon - 2010
removing firms with Low AA attenuates the good governance (Democracy) portfolio returns to no different from zero over the … period of 1991-2008. Good governance per se no longer pays off. Isolating the long portfolio of Democracy firms with Low AA … abnormal future returns as predicted in the seminal paper by Sloan (1996), but Democracy firms have positive abnormal returns …
Persistent link: https://www.econbiz.de/10013140085
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Global oil market and the US stock returns
Ahmad, Maryam; Manera, Matteo; Sadeghzadeh, Mehdi - 2015
This paper provides an analysis of the link between the oil market and the U.S. stock market returns at the aggregate as well as industry levels. We empirically model oil price changes as driven by speculative demand shocks along with consumption demand and supply shocks in the oil market. We...
Persistent link: https://www.econbiz.de/10011391816
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Abnormal returns and stock price movements : some evidence from developed and emerging markets
Caporale, Guglielmo Maria; Plastun, Alex - 2020
This paper investigates the impact of abnormal returns on stock prices by using daily and hourly data for some developed (US, UK, Japan) and emerging (China, India) markets over the period 01.01.2010-01.01.2020. Average analysis, t-tests, CAR and trading simulation methods are used to test the...
Persistent link: https://www.econbiz.de/10012390869
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Persistence in ESG and conventional stock market indices
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2021
This paper uses R/S analysis and fractional integration techniques to examine the persistence of two sets of 12 ESG and conventional stock price indices from the MSCI database over the period 2007-2020 for a large number of both developed and emerging markets. Both sets of results imply that...
Persistent link: https://www.econbiz.de/10012520863
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The spectre of terrorism and the stock market
Hanna, Alan J.; Turner, John D.; Walker, Clive B. - 2022
Terrorism is a major issue in the 21st century. In this paper we examine the effect of terrorism on the stock market. We go beyond previous studies to explore the spectre of terrorism on the market rather than terrorist activities. Using a narrative-based approach à la Shiller (2019), we find...
Persistent link: https://www.econbiz.de/10013428887
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Policy Uncertainty and Stock Market Behaviour : Evidence from the United States
Lei, Xun - 2017
This paper studies how the Baker, Bloom and Davis (2013) new measure capturing economic policy uncertainty (EPU) is related to stock market performance in the United States. We use a variety of methods to estimate different specifications. We find that an increase in the EPU index negatively...
Persistent link: https://www.econbiz.de/10012941540