Results 121 to 130 of about 273,667 (338)

Mergers and Acquisitions and Brexit: A Natural Experiment

International Journal of Finance &Economics, EarlyView.
ABSTRACT We study the impact of Brexit uncertainty on one of the most important forms of corporate investment: mergers and acquisitions (M&As). Brexit provides us with an ideal natural experiment to explore the real effects of economic uncertainty and understand the underlying transmission mechanism. We document a significant decline in the number of M&
Di Luo, Tapas Mishra, Mamata Parhi, Zhuang Zhang   +3 more
wiley   +1 more source

The equity premium puzzle and decreasing relative risk aversion [PDF]

Agents are assumed to have a power risk aversion utility function in an otherwise standard asset pricing model. These preferences are shown to be capable of eliminating one version of the equity premium and risk free rate puzzles when they display ...
M. J. Roche
core  

Climate Transition Risk, ESG Rating Divergence and Portfolio Performance: Evidence From Composite Scores and Climate‐Adjusted Factor Models

International Journal of Finance &Economics, EarlyView.
ABSTRACT This study investigates how ESG rating divergences and climate transition risks jointly influence portfolio performance. Using a newly constructed composite Environmental (E) score derived from principal component analysis (PCA) across three leading ESG providers (Eikon, RobecoSAM, Sustainalytics), we build industry‐adjusted portfolios for 389 
Ahmed Bouteska, Murad Harasheh, Giovanni Esposito   +2 more
wiley   +1 more source

Carbon risk and the cost of equity capital: Evidence from China

International Review of Economics & Finance
This study investigates the relationship between carbon risk and the cost of equity capital, with a focus on the mechanisms through which carbon risk affects financial outcomes.
Jingjing Yan, Yaoqi Guo, Fenghua Wen
doaj   +1 more source

Interpreting equity price movements since the start of the financial crisis [PDF]

Equity markets have experienced large price movements since the financial crisis began in mid-2007. Understanding the factors that drive equity prices is important for policymakers as they may contain information about the future course of the economy ...
Inkinen, Mika, Stringa, Marco, Voutsinou, Kyriaki   +2 more
core  

Risk Aversion and Economic Policy Uncertainty Impacts on Investor Attention: Evidence From International Stock Markets Indices

International Journal of Finance &Economics, EarlyView.
ABSTRACT This paper examines the relationship between economic policy uncertainty, risk aversion, and investors' attention for 15 equity indices across Asia, Europe, and North America. Our empirical results indicate that both risk aversion and economic uncertainty significantly increase the Google Search Volume across all equity indices.
Stephanos Papadamou, Athanasios P. Fassas, Nikoletta Poutachidou   +2 more
wiley   +1 more source

IMPACT OF UNDERWRITING AND FINANCIAL RATIOS ON PROFITABILITY: AN EMPIRICAL ANALYSIS OF INSURANCE FIRMS

Modern Management Review
This study examines factors influencing profitability in the insurance sector, focusing on financial indicators such as Return on Assets (ROA), Return on Equity (ROE), Asset Liability Ratio (ALR), Claims Ratio (CR), Expense Ratio (ER), Leverage (LEV ...
Kehinde Isiaq OLAIYA
doaj   +1 more source

Equity Premium: Interaction of Belief Heterogeneity and Distribution of Wealth? [PDF]

Introducing heterogeneity of beliefs across different agents builds a link between wealth distribution and the equity premium. We demonstrate that an economy populated only by risk neutral agents may nonetheless display a strictly positive equity premium.
Filippo Taddei
core  

Material ESG Performance and Bid Premium in Merger and Acquisition Deals

International Journal of Finance &Economics, EarlyView.
ABSTRACT This study examines the firm‐level and country‐level environmental, social, and governance (ESG) performance on bid premiums in cross‐border mergers and acquisitions (M&A) transactions. We document considerable variations in bid premiums. Higher carbon emissions are associated with higher bid premiums, suggesting that acquirers may perceive ...
Ndubuisi Ezenwa, Ibrahim Ayoade Adekunle, Robin Maialeh   +2 more
wiley   +1 more source

Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence [PDF]

We explore the macro/finance interface in the context of equity markets. In particular, using half a century of Livingston expected business conditions data we characterize directly the impact of expected business conditions on expected excess stock ...
Francis X. Diebold, Sean D. Campbell
core