Results 91 to 100 of about 24,822 (265)
EPA Enforcement Actions and Property Prices
Accounting &Finance, EarlyView.ABSTRACT This study examines the effects of Environmental Protection Agency (EPA) enforcement actions on property prices in the United States. Using data on EPA enforcement cases, we assess how investors and homeowners react to regulatory actions to curb environmental violations.
Van Le, My Nguyen, Anh Viet Pham
wiley +1 more source
Liquidity Crises in Emerging Markets: Theory and Policy [PDF]
We build a model of financial sector illiquidity in an open economy. Illiquidity defined as a situation in which a country's consolidated financial system has potential short-term obligations in foreign currency that exceed the amount of foreign currency
Andres Velasco, Roberto Chang
core
Asia‐Pacific Economic History Review, Volume 65, Issue 1, Page 131-159, March 2025.Abstract This study examines the adaptive market hypothesis in the prewar and wartime Japanese stock market using a new market capitalization‐weighted price index. First, we find that the degree of market efficiency varies over time and with major historical events. This implies that the hypothesis is supported in this market.
Kenichi Hirayama, Akihiko Noda
wiley +1 more source
Asset Prices and asset Correlations in Illiquid Markets [PDF]
We build a new asset pricing framework to study the effects of aggregate illiquidity on asset prices, volatilities and correlations. In our framework the Black-Scholes economy is obtained as the limiting case of perfectly liquid markets.
Alessio Caldarera, Celso Brunetti
core
Liquidity Spillover in the Corporate Bond Market
Asia-Pacific Journal of Financial Studies, EarlyView.Abstract In this study, I examine liquidity spillover in the corporate bond market. Using regulation‐induced selling pressure in the corporate bond market following rating downgrades from investment grade to high yield, I document that liquidity shocks to downgraded bonds spill over to their peer bonds that are issued by firms with high fundamental ...
Jiyoon Choi
wiley +1 more source
Does COVID-19-specific news affect stock market liquidity? Evidence from Japan. [PDF]
MethodsX, 2023 Yang W, Watanabel N, Sakawa H.
europepmc +1 more source
The policy adjacent: How affordable housing generates policy feedback among neighboring residents
American Journal of Political Science, EarlyView.Abstract While scholars have documented feedback effects among a policy's direct winners and losers, less is known about whether such effects can occur among the indirectly affected—“the policy adjacent.” Using 458 geocoded housing developments built between two nearly identical statewide ballot propositions funding affordable housing in California, we
Michael Hankinson +2 more
wiley +1 more source
Asymmetric information and market collapse: Evidence from the Chinese Market [PDF]
In this paper, using data for the period January 1995 to May 2009 for the Shanghai stock exchange (SHSE), we show that aggregate illiquidity is a priced risk factor.
Paresh Kumar Narayan, Xinwei Zheng
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Business Ethics, the Environment &Responsibility, EarlyView.ABSTRACT This study investigates the impact of environmental attention on cryptocurrency market volatility by introducing the Crypto Environmental Attention Index (CEAI), a new metric inspired by Wang et al. (2022) and constructed using daily web search data.
Ines Ghazouani +2 more
wiley +1 more source
Super-replicating Bounds on European Option Prices when the Underlying Asset is Illiquid [PDF]
We derive super-replicating bounds on European option prices when the underlying asset is illiquid. Illiquidity is taken as the impossibility of transacting the underlying asset at some points in time, generating market incompleteness.
João Amaro de Matos, Paula Antão
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