Showing 21 - 30 of 140
Purpose – The purpose of this paper is to investigate the impact of individual investor sentiment on the return process and conditional volatility of three main US market indices (Dow Jones Industrial Average, S&P500 and Nasdaq100). Individual investor sentiment is measured by aggregate money...
Persistent link: https://www.econbiz.de/10014940015
We investigate the influence of Japanese central bank interventions on market participants' opinions about the future path of exchange rates. Based on a survey of individual forecasts made by 31 analysts, we investigate the sensitivity of the change, dispersion, directionality and flatness of...
Persistent link: https://www.econbiz.de/10009360082
An emerging literature investigating market responses to operational loss announcements concludes that financial markets tend usually to overreact to loss events. This overreaction is commonly interpreted as reputational damage. We revisit this issue by focusing on the timing of markets’...
Persistent link: https://www.econbiz.de/10010666269
This study investigates and qualifies the impact of internationalization on the capital structure of a firm. Previous studies have associated firm internationalization with foreign sales or foreign assets. However, an increase in sales volume generated abroad does not necessarily mean that a...
Persistent link: https://www.econbiz.de/10010719022
Purpose - This paper aims to increase understanding of the (time-varying) relationship between exchange rates and stock prices at the individual firm level. Rather than analyzing the impact of exchange rate movements on firm value by regressing multinationals’ stock returns on exchange rate...
Persistent link: https://www.econbiz.de/10010757351
Persistent link: https://www.econbiz.de/10010112290
Persistent link: https://www.econbiz.de/10007767650
Persistent link: https://www.econbiz.de/10007594784
Persistent link: https://www.econbiz.de/10008311784
Persistent link: https://www.econbiz.de/10008112767