Results 21 to 30 of about 3,945,236 (308)
Democracy and stock market returns
Journal of Financial Research, 2018 AbstractIn this article, we empirically examine the relation between democracy level and stock index returns in a sample of 74 countries. Compared with democracies, autocratic states are characterized by lower returns despite exhibiting higher return volatility.
Xun Lei, Tomasz Piotr Wisniewski
openaire +1 more source
Income inequality and stock market returns [PDF]
Review of Economic Dynamics, 2018 We show that the drop in the equity premium since the 1970s can partially be explained by the shifts in the level and composition of U.S. income inequality. To show it, we use a framework that extends the standard production-based Consumption Capital Asset Pricing Model by allowing for heterogeneity of agents, who differ in their ability to hold ...
Markiewicz, Agnieszka, Raciborski, Rafal
openaire +2 more sources
On Stock Market Returns and Monetary Policy [PDF]
The Journal of Finance, 1997 ABSTRACTFinancial economists have long debated whether monetary policy is neutral. This article addresses this question by examining how stock return data respond to monetary policy shocks. Monetary policy is measured by innovations in the federal funds rate and nonborrowed reserves, by narrative indicators, and by an event study of Federal Reserve ...
openaire +4 more sources
Predictability of stock returns using financial statement information: Evidence on semi-strong efficiency of emerging Greek stock market [PDF]
, 2010 This article examines the predictability of stock returns in the Athens Stock Exchange (ASE) during 1993 to 2006 by using accounting information. Using panel data analysis, this article concludes that the selected set of financial ratios contains ...
Christos Alexakis +5 more
core +2 more sources
Energies, 2018 This study examines the Granger-causal relationships between oil price movements and global stock returns by using time-varying Granger-causality tests in mean and in variance.
Emrah İ. Çevik +2 more
doaj +1 more source
Climate Risks and Forecasting Stock Market Returns in Advanced Economies over a Century
Mathematics, 2023 In this study, we contribute to the rapidly growing climate-finance literature by shedding light on the question of whether climate risks have predictive value for stock market returns. We measure climate risks in terms of both the change in the northern
Mehmet Balcilar +3 more
doaj +1 more source
Moon Phases, Mood and Stock Market Returns: International Evidence [PDF]
, 2013 We employ recent data from 59 international emerging and mature stock markets to provide new evidence of a lunar cycle (full and new moon) effect on their stock market returns.
Tan, Aaron Yong, Floros, Christos
core +1 more source
The impact of liquidity on common stocks returns: Empirical insights from commercial banks in Nepal [PDF]
Banks and Bank SystemsMost developed and emerging economies pay substantial attention to liquidity to understand stock return behavior. However, there is a need for more focus on understanding the impact of such factors on stock returns in developing countries such as Nepal ...
Prem Bahadur Budhathoki +2 more
doaj +1 more source
Average Correlation and Stock Market Returns
SSRN Electronic Journal, 2008 If the Roll critique is important, changes in the variance of the stock market may be only weakly related to changes in aggregate risk and subsequent stock market excess returns. However, since individual stock returns share a common sensitivity to true market return shocks, higher aggregate risk can be revealed by higher correlation between stocks. In
Wilson, M, Pollet, J
openaire +2 more sources
The Cross Section of Stock Returns in an Artificial Stock Market
SSRN Electronic Journal, 2023 We examine the role of pandemic attention in stock market dynamics during the coronavirus pandemic. We show that the amount of attention paid to pandemic news is an important determinant of market dynamics, beyond health news. We find that pandemic attention asymmetrically influences stock market dynamics during the pandemic by negatively contributing ...
van Cappelle, Tjeerd +2 more
openaire +2 more sources