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How Different are ESG Funds? A Comparative Analysis of Holdings and Performance

Baily, Camille; Gnabo, Jean-Yves - 2023

Investment funds marketed as “sustainable” or “ESG” (Environmental, Social and Governance) have proliferated in recent years. In the wake of this trend, skepticism is looming among the public over the trustworthiness of these financial actors and the distinctiveness of their investment...

Persistent link: https://www.econbiz.de/10014361990

Market Timing Around the World

Vidal, Marta - 2019

This paper challenges existing studies of mutual fund market timing that find little evidence of timing ability. Using a sample of daily returns for 35 countries, we find that more than a third of mutual funds show significantly positive market timing ability across all countries. We show that...

Persistent link: https://www.econbiz.de/10012904756

Impact of COVID-19 on Emerging Markets

El-Khatib, Rwan - 2020

The COVID-19 pandemic is impacting global markets through unprecedented circumstances. Fears surrounding such novel virus has led to dramatic market turbulence and massive tumbles in stock prices. In this paper, we explore the impact of COVID-19 on a comprehensive sample of 45 emerging...

Persistent link: https://www.econbiz.de/10012824104

Country Value Premiums and Financial Crises

Zaremba, Adam - 2016

The paper concentrates on the value premium across countries and contributes to the nvestment and asset pricing literature in three ways. First, I provide fresh evidence that the high-value countries perform significantly better than the low-value countries. Additionally, this phenomenon is...

Persistent link: https://www.econbiz.de/10013006856

Merger Imbalance and Returns in International Equity Markets

Zaremba, Adam - 2017

At the global level, the mispricing theory of mergers by Shleifer and Vishny (2003) may imply that a significant number of targets acquired in a given country is a sign of market-wide undervaluation whereas intense acquisition activity indicates overvaluation. The present study develops a...

Persistent link: https://www.econbiz.de/10012968527

REIT Valuation : A Global Perspective

Jain, Pawan - 2017

Prior empirical evidence regarding the impact of dividend taxes, corporate taxes, and corporate governance on firm valuation is inconclusive. This study avoids some of the complications encountered in previous empirical work by exploiting institutional characteristics of REITs, such as their...

Persistent link: https://www.econbiz.de/10012952515

Sponsorship of the FIFA World Cup™, Shareholder Wealth, and the Impact of Corruption

Hundt, Steffen - 2017

The FIFA World Cup™ is not only one of the most popular sporting events in the world: it is also famous for the … sponsorship deals – are rarely found in the literature. This study analyses the return effects for the stockholders of FIFA World … who choose to extend existing sponsorship contracts benefit most from the FIFA World Cup™ in terms of driving stockholder …

Persistent link: https://www.econbiz.de/10012953198

Cyberfinance : Liberating the Financial Markets

Wales, Kim - 2015

traditional ways, especially in the unbanked world with its huge potential for growth and social well being. These new financial … potential to radically transform the world in which we live, while promoting the core values of industrialized societies …

Persistent link: https://www.econbiz.de/10013021212

The Role of Expectations in Value and Glamour Stock Returns

Institute, Brandes - 2015

When value and glamour stocks missed earnings expectation targets, what happened to their stock prices over the following year? Prices of value stocks increased when earnings expectations were beat and missed - and even when business fundamentals deteriorated. Glamour stocks behaved more...

Persistent link: https://www.econbiz.de/10013037751

Nowhere to Run, Nowhere to Hide : Asset Diversification in a Flat World

Cotter, John - 2016

We present new international diversification indexes across equity, sovereign debt, and real estate. The indexes reveal a marked and near ubiquitous decline in diversification potential across asset classes and markets for the post-2000 period. Analysis of panel data suggests that the decline is...

Persistent link: https://www.econbiz.de/10012981220