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appreciate the cutoff from Russia suggests that non-pecuniary costs in the form of social sanction or long-term ESG fund outflow …What determines firms’ decisions to exit Russia because of the Ukraine invasion and do investors appreciate firms …’ social image management? We test five potential firm motives, the reputation concern and social sanction channel, the …
Persistent link: https://www.econbiz.de/10013289191
Persistent link: https://www.econbiz.de/10011557315
We analyze the impact of the pro-Russian conflict on stock returns in Russia and the Ukraine during the period November …
Persistent link: https://www.econbiz.de/10010459026
period of coverage from 1950-2019 to 1950-2022, which includes two special periods - COVID-19 and the war between Russia and … trade. We also obtain estimates of the effects on trade of the 2014 sanctions on Russia. …
Persistent link: https://www.econbiz.de/10013466885
contains 1,547 sanction cases, including the new ones against Russia. The GSDB-R4 comes in two versions, a case-specific and a … combine it with trade data until 2023, and we investigate the effects of the recent sanctions on Russia's trade within an … econometric gravity model. We find that, on average, the effects on trade between Russia and the sanctioning countries are …
Persistent link: https://www.econbiz.de/10014574357
This paper examines financial market comovements across European transition economies and compares their experience to that of other regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals....
Persistent link: https://www.econbiz.de/10014133702
Persistent link: https://www.econbiz.de/10014494734
We analyze the transmission of the financial crisis of 2007 to 2009 to 415 country-industry equity portfolios. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative of contagion. While we find evidence of...
Persistent link: https://www.econbiz.de/10010229208
In this paper, we examine the scope for international stock portfolio diversification, from the viewpoint of a United States representative investor, in regard to both the Asian and the European stock markets. Our findings indicate that despite correlation style evidence to the contrary, the...
Persistent link: https://www.econbiz.de/10013137351
This paper examines the effects of increased interdependence between international stock markets on the probability of global crashes. Global crashes are detrimental to investors, because during such crashes diversification opportunities evaporate. We use three different copulas with different...
Persistent link: https://www.econbiz.de/10013103842