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Reservations on the use of event studies to evaluate economic policy

Beigi, Maryam H. A.; Budzinski, Oliver - In: Intereconomics 48 (2013) 3, pp. 174-179

Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions. The basic idea is that stock market reactions to the announcement of policy decisions contain superior information about the welfare effects of these decisions. This paper...

Persistent link: https://www.econbiz.de/10011307032

Warum Abwehrmaßnahmen gegen Übernahmen in Spanien?

Alemany, Margalida; Crespi-Cladera, Rafel - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 2, pp. 214-224

higher takeover prices, which is expected to increase shareholders' wealth. These two hypotheses have been widely tested in …The adoption of takeover protections, from the empirical side, has been focused to find supporting evidence to the … decisions for additional takeover defenses are taken. Alternatively, external control gives more negotiation power, allowing for …

Persistent link: https://www.econbiz.de/10010377524

The Effect of the Japan 2011 Disaster on Nuclear and Alternative Energy Stocks Worldwide: An Event Study

Ferstl, Robert; Utz, Sebastian; Wimmer, Maximilian - In: BuR - Business Research 5 (2012) 1, pp. 25-41

This event study investigates the impact of the Japanese nuclear disaster in Fukushima-Daiichi on the daily stock prices of French, German, Japanese, and U.S. nuclear utility and alternative energy firms. Hypotheses regarding the (cumulative) abnormal returns based on a three-factor model are...

Persistent link: https://www.econbiz.de/10010421368

Promoting Transparency or Harming Shareholders? U.S. Market Reaction to the Regulation of Proxy Advisors

Schneider, Julian - In: Junior Management Science (JUMS) 8 (2023) 1, pp. 148-162

Einführung der Regulierung beeinflusst haben. Die Ereignisstudie zeigt eine negative Gesamtmarktreaktion, die darauf schließen … negative overall market reaction, suggesting that shareholders view regulation less as an added value through increased … how shareholders respond to regulation. …

Persistent link: https://www.econbiz.de/10014528873

The sectoral effect of demonetization on the economy: Evidence from early reaction of the Indian stock markets

Jawed, Mohammad Shameem; Dhaigude, Amol; Tapar, Archit Vinod - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-18

We investigate the impact of the Demonetization of 85% currency in circulation in India on the eve of 8 November 2016 …

Persistent link: https://www.econbiz.de/10012657508

Macroeconomic surprises and stock market responses: A study on Indian stock market

Pal, Santanu Kumar; Garg, Ajay K. - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-31

surprises. Some of the studies conducted in India have analyzed the impact of monetary policy surprises on stock price; however …

Persistent link: https://www.econbiz.de/10012657512

Macroeconomic surprises and stock market responses in view of global linkage: A study of Indian stock market

Pal, Santanu; Garg, Ajay K. - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-28

In prior literature it was conjectured that the Indian stock market responses on domestic macroeconomic surprises are expected to be significantly influenced by global surprises. In this paper we empirically established that hypothesis. We used both the Event Analysis and VAR model. We found...

Persistent link: https://www.econbiz.de/10014001345

Estimation of risk neutral measure for Polish stock market

Kliber, Paweł - In: e-Finanse: Financial Internet Quarterly 10 (2014) 2, pp. 28-37

In the paper we present the application of risk neutral measure estimation in the analysis of the index WIG20 from Polish stock market. The risk neutral measure is calculated from the process of the options on that index. We assume that risk neutral measure is the mixture of lognormal...

Persistent link: https://www.econbiz.de/10011551425

The solar and lunar divide and the impact on Taiwan's stock returns

Yang, Der-Yuan; Lee, Chen Hsun - In: Cogent Economics & Finance 4 (2016) 1, pp. 1-8

Under the influence of the western world, the solar New Year celebration seems to have fascinated everyone in Taiwan with the lunar New Year festivity showing much less vigor. This paper examines the impact of the solar and lunar New Years on the stock market of Taiwan, showing that the lunar...

Persistent link: https://www.econbiz.de/10011559217

Tweet Sixteen and Pregnant: Missing Links in the Causal Chain from Reality TV to Fertility. A replication study of Kearney & Levine (American Economic Review, 2015)

Jaeger, David A.; Joyce, Theodore J.; Kaestner, Robert - In: International Journal for Re-Views in Empirical … 3 (2019) 2019-1, pp. 1-16

We replicate and extend the analysis of the positive association between social media (Google searches and tweets) and the MTV program 16 and Pregnant recently published by Melissa Kearney and Phillip Levine (2015). We find that the relationship disappears or even turns negative when we include...

Persistent link: https://www.econbiz.de/10011985144

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