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Institutionalization of Capital and the Changing Role of Public Equity Markets : International Evidence

Kalcheva, Ivalina - 2017

We study the relation between institutionalization of capital and the reliance on public markets by corporations and investors. Country-level evidence indicates that capital under institutional management (ownership by mutual funds, pension funds, and insurance companies) is negatively related...

Persistent link: https://www.econbiz.de/10012955074

Risk Premia to Political Uncertainty in Global Equity Markets

Sauer, Maximilian - 2018

Political uncertainty drives markets. Among macroeconomic forces, it is one of the fewfactors that systematically affect most assets - hence it qualifies as a state variable in the senseof the ICAPM and should carry a risk premium. We employ static and conditional factormodels using data in...

Persistent link: https://www.econbiz.de/10012909481

Risk Perceptions and International Stock Market Liquidity

Ma, Rui - 2018

determinant of international stock market liquidity. Increased risk perception reduces liquidity around the world, and its impact …

Persistent link: https://www.econbiz.de/10012936098

Emerging Equity Markets in a Globalizing World

Bekaert, Geert - 2017

emerging markets have increased, the process of integration of these markets into world markets is incomplete. To some degree …, this accounts for the disparity between emerging equity market capitalization in investable world equity market benchmarks … versus emerging market economies in the world economy. Currently, emerging markets account for about 40% of world GDP …

Persistent link: https://www.econbiz.de/10012973844

Institutional Investment and the Changing Role of Public Equity Markets : International Evidence

Kalcheva, Ivalina - 2020

We study the relation between institutionalization of capital and the reliance on public markets. Evidence indicates that for developed and developing countries capital under institutional management (mutual funds, pension funds, and insurance companies) is negatively related to the number of...

Persistent link: https://www.econbiz.de/10012849849

Global Political Risk and International Stock Returns

Gala, Vito - 2020

Using novel measures of politics-policy uncertainty we document predictable variation in stock market returns across countries. Country characteristics and existing global and local risk factors do not account for such predictability, leading to large abnormal returns, up to 15% per annum. We...

Persistent link: https://www.econbiz.de/10012851461

Emerging Equity Markets in a Globalizing World

Bekaert, Geert - 2014

Persistent link: https://www.econbiz.de/10013051425

Pandemic Waves, Government Response, and Bank Stock Returns : Evidence from 36 Countries

Bales, Stephan; Burghof, Hans-Peter - 2021

This paper examines the impact of COVID-19 on bank stock returns over various time scales and frequencies. Considering FTSE banking sector returns in 36 countries, wavelet coherency analysis indicates that the number of confirmed COVID-19 cases negatively impacts bank stock returns during...

Persistent link: https://www.econbiz.de/10013218391

COVID-19 Infection Data, Policy Interventions or Sentiment; What Explains International Stock Returns and Volatility?

Virk, Nader - 2021

We examine the impact of COVID-19 (C-19) pandemic on global equity markets by constructing novel infection indices. Our results show that the impact of prompt and large-scale policy interventions is ambiguous yet statistically significant. However, in this equivocality, the impact of global...

Persistent link: https://www.econbiz.de/10013242732

The Quest for Multidimensional Financial Immunity to the COVID-19 Pandemic : Evidence from International Stock Markets

Zaremba, Adam - 2020

behavior of 67 equity markets around the world during the COVID-19 outbreak in 2020. We consider a multidimensional data set …

Persistent link: https://www.econbiz.de/10012830504