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This paper studies international financial integration analyzing firms from various countries raising capital, trading equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the period 1989-2000, we find that, although...
Persistent link: https://www.econbiz.de/10005605173
Using newly-constructed data covering the last decade, we document that, in most of forty markets, when added to the main index, firms’ returns experience an increase in comovement with the rest of the index, reflected in higher beta and greater explanatory power of the market return....
Persistent link: https://www.econbiz.de/10008876599
Financial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this...
Persistent link: https://www.econbiz.de/10009019571
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trading behavior of foreign and domestic investors during the post-announcement periods of scheduled earnings and unscheduled …, but only if the news is negative. As a group, foreign investors react first by selling shares of firms reporting negative … information. Domestic investors act in the opposite manner. Originality/value – The results imply that the post-announcement drift …
Persistent link: https://www.econbiz.de/10010610540
This study emphasizes different characteristics of Romanian investors, as a result of a survey. It offers information …
Persistent link: https://www.econbiz.de/10008763642
trading behavior of foreign and domestic investors during the post‐announcement periods of scheduled earnings and unscheduled …, but only if the news is negative. As a group, foreign investors react first by selling shares of firms reporting negative … information. Domestic investors act in the opposite manner. Originality/value – The results imply that the post‐announcement drift …
Persistent link: https://www.econbiz.de/10014785332
the very microlevel. The study contributes to an understanding of how property investors manage the decision … – The findings reveal the characteristics of two types of property investment decision‐making behaviour with respect to how … information about this transaction as well as general insights into actual behaviour rarely examined in the property investment …
Persistent link: https://www.econbiz.de/10014898991
This paper sheds further light on whether short selling can be associated with negative returns in the spot market. It provides evidence for the case of the capital market of the Athens Exchange (ATHEX) that is empirically tested for the first time, during the period 2003–2007. This market...
Persistent link: https://www.econbiz.de/10009352476