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This paper addresses how creditor protection affects the volatility of stock market prices. Credit protection reduces … volatility in 40 countries over the period from 1984 to 2004. Estimated probabilities of a liquidity crisis are used as a proxy … price volatility. …
Persistent link: https://www.econbiz.de/10003467890
Persistent link: https://www.econbiz.de/10003473567
This paper addresses how creditor protection affects the volatility of stock market prices. Credit protection reduces … volatility in 40 countries over the period from 1984 to 2004. Estimated probabilities of a liquidity crisis are used as a proxy … price volatility …
Persistent link: https://www.econbiz.de/10012776957
This paper addresses how creditor protection affects the volatility of stock market prices. Credit protection reduces … volatility in 40 countries over the period from 1984 to 2004. Estimated probabilities of a liquidity crisis are used as a proxy … price volatility …
Persistent link: https://www.econbiz.de/10012465565
Persistent link: https://www.econbiz.de/10003669549
Data show that better creditor protection is correlated across countries with lower average stock market volatility …
Persistent link: https://www.econbiz.de/10013158028
Data show that better creditor protection is correlated across countries with lower average stock market volatility …
Persistent link: https://www.econbiz.de/10012463509
Persistent link: https://www.econbiz.de/10003884885
Is real investment fully determined by fundamentals or is it sometimes affected by stock market misvaluation? We introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama-MacBeth regressions to determine whether "overinvestment"...
Persistent link: https://www.econbiz.de/10009736657
Persistent link: https://www.econbiz.de/10003425629