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The Impact of Stock Market Liberalization on Emerging Equity Market Volatility
Dhir, Pawan - 2007
This study analyzes the impact of stock market liberalization on emerging equity market volatility, in twelve emerging … time-varying nature of conditional volatility following initial market opening. Second, we analyze the effect of … liberalization on stock market volatility while controlling for the fundamental sources of emerging equity market volatility. Finally …
Persistent link: https://www.econbiz.de/10009429052
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Stock Market Pressure on Inventory Investment and Sales Reporting for Publicly Traded Firms
Lai, Guoming; Debo, Laurens; Nan, Lin - 2008
Operations of publicly traded firms differ from privately owned firms because public firms' managers make decisions based on their own interests. In this paper, we study how stock market pressure may influence a manager's inventory and operational management. Our model is a straightforward...
Persistent link: https://www.econbiz.de/10009441139
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The Bombay stock exchange: seasonalities and investment opportunities
Ignatius, Roger - 1992
This paper examines the relationship of stock return patterns on the Bombay Stock Exchange (BSE) with those of the New York Stock Exchange (NYSE). It also examines investment opportunities for international investors. The data include daily closing values of the BSE and SSP 500 Indexes for the...
Persistent link: https://www.econbiz.de/10009441629
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Intra-industry reactions of stock split announcements;
Tawatnuntachai, Oranee; D'Mello, Ranjan - 1999
associated to the stock price reactions. However, we find little evidence that there is a decline in earnings volatility and find … no significant relation between change in earnings volatility and announcement period returns. …
Persistent link: https://www.econbiz.de/10009468579
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Stock Markets and Household Wealth: Can a Stock Market Crash Cause a Recession in The U.S. Economy?
Singh, Ishan - 2008
Stock market wealth effects on the level of consumption in the United States economy have been constantly debated; there is evidence for arguments for and against its prominence and its symmetry. This paper seeks to investigate the strength of its negative effect by creating models to analyze...
Persistent link: https://www.econbiz.de/10009474964
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What insight do market participants gain from dividend increases?
Ellis, R. Barry - 2000
This study examines the reactions of market makers and investors to large dividend increases to identify the motives for dividend increases. Uniquely, this study simultaneously tests the signaling and agency abatement motivations as explanations of the impact of dividend increases on stock...
Persistent link: https://www.econbiz.de/10009475061
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Intra-industry reactions of stock split announcements;
Tawatnuntachai, Oranee; D'Mello, Ranjan - 1999
associated to the stock price reactions. However, we find little evidence that there is a decline in earnings volatility and find … no significant relation between change in earnings volatility and announcement period returns. …
Persistent link: https://www.econbiz.de/10009451075
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Zero-non-zero Patterned Vector Error Correction Modelling for I(2) Cointegrated Time-Series with Applications in Testing PPP and Stock Market Relationships
Penm, Jack H.W; Brailsford, Tim; Terrell, R.D - 2000
Vector error-correction models (VECMs) have become increasingly popular in their applications to financial markets. Standard VECM models assume that the cointegrating vectors are of full rank such that they contain no zero elements. However, applications of VECM models to financial market data...
Persistent link: https://www.econbiz.de/10009451311
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The Relationship between Short Interest and Stock Returns in the Canadian Market
Ackert, Lucy; Athanassakos, George - 2005
This paper provides new insight into the relationship between short sales and stock market returns using a sample of stocks sold short in Canada. Short interest is defined in relation to trading volume. The results strongly support the assertion that short sales and excess returns are...
Persistent link: https://www.econbiz.de/10009459116
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The Association Between the Level of International Diversification and Risk
Goldberg, Stephen R.; Heflin, Frank L. - 1993
This study analyzes the association between the degree of international involvement (DOI) and risk. Both systematic risk (measured by the market model beta) and total rishk (measured by variance of return) are analyzed. Betas of fully diversified foreign stock portfolios are shown to be lower...
Persistent link: https://www.econbiz.de/10009430695