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Uncertainty shocks and financial crisis indicators

Hristov, Nikolay; Roth, Markus - 2019

The current paper broadens the understanding for the role of uncertainty in the context of a macroeconomic environment. It focuses on the implications of uncertainty shocks on indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area countries...

Persistent link: https://www.econbiz.de/10012102657

Uncertainty shocks and financial crisis indicators

Hristov, Nikolay; Roth, Markus - 2019

The current paper broadens the understanding of the role played by uncertainty in the context of macroeconomic fluctuations. It focuses on the implications of uncertainty shocks for indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area...

Persistent link: https://www.econbiz.de/10012103607

Economic crisis and share price unpredictability : reasons and implications

Fox, Edward G.; Fox, Merritt B.; Gilson, Ronald J. - 2014

During the recent financial crisis, there was a dramatic spike, across all industries, in the volatility of individual firm share prices after adjustment for movements in the market as a whole. In this Article, we demonstrate that a similar spike has occurred with each major downturn in the...

Persistent link: https://www.econbiz.de/10010259665

Corporate Accessibility and Stock Price Crash Risk

Firth, Michael - 2020

We examine whether corporate accessibility to outside market participants can mitigate stock price crash risk in a weak … firms have a lower stock price crash risk than inaccessible firms, and that this effect increases with firms' geographic …

Persistent link: https://www.econbiz.de/10012855823

Financial Distress Risk and Stock Price Crashes

Andreou, Christoforos - 2020

relationship between short-term changes in financial distress risk and future stock price crashes. This result is economically …-fixed effect estimations, and alternative definitions of distress and crash risk measures; they are also robust to a range of tests …-crash risk relationship is driven by managerial opportunism that seeks to camouflage bad news that has an adverse effect on firms …

Persistent link: https://www.econbiz.de/10012847850

What Happens after Stock Price Crashes?

Roy, Suvra; Marshall, Ben R.; Nguyen, Harvey; … - 2022

Numerous researchers study stock price crashes, but most of this work focuses on the causes of crashes rather than their consequences. We consider the impact of crashes on a broad range of stakeholders, including analysts, investors, management, and employees. Analysts and investors pay more...

Persistent link: https://www.econbiz.de/10013406049

The impact at stake : risk and return in publicly listed social impact firms

Giacomini, Emanuela; Marinelli, Nicoletta; Riccetti, Luca - In: Business ethics, the environment & responsibility 32 (2023) 2, pp. 713-741

Persistent link: https://www.econbiz.de/10014315137

News media sentiment and investor behavior

Kräussl, Roman; Mirgorodskaya, Elizaveta - 2014

This paper investigates the impact of news media sentiment on financial market returns and volatility in the long-term. We hypothesize that the way the media formulate and present news to the public produces different perceptions and, thus, incurs different investor behavior. To analyze such...

Persistent link: https://www.econbiz.de/10010427987

The price of the smile and variance risk premia

Gruber, Peter H.; Tebaldi, Claudio; Trojani, Fabio - 2015 - This version: September 8, 2015

downward sloping term structure of low-frequency variance risk premia in normal times. In periods of distress, the term …

Persistent link: https://www.econbiz.de/10011412294

Married CEOs and Stock Price Crash Risk

Kim, Jeong-Bon; Liao, Shushu; Liu, Yangke - 2021

crash risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after … controlling for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by acting as a … CEO marriage on crash risk is more pronounced among firms with weaker corporate governance and those run by male, younger …

Persistent link: https://www.econbiz.de/10013234189