Results 281 to 290 of about 4,322,394 (351)

Stock Market Tournament [PDF]

open access: possibleSSRN Electronic Journal, 2012
We study an optimal contracting problem between shareholders and managers when managers’ effort choices are hidden but on which stock market prices reveal some information. When the stock market rewards winners and punishes losers within an industry, stock-based incentive generates a tournament effect and causes strategic complementarity among managers
Emre Ozdenoren, Kathy Yuan
openaire   +3 more sources

The impact of COVID-19 on stock markets

Economic and Political Studies, 2020
This paper attempts to explore the direct effects and spill-overs of COVID-19 on stock markets. Using conventional -tests and non-parametric Mann–Whitney tests, we empirically analyse daily return data from stock markets in the People’s Republic of China,
Qing He   +3 more
semanticscholar   +1 more source

Stock Market Manipulations*

The Journal of Business, 2006
We present theory and evidence of stock price manipulation. Manipulators trade in the presence of other traders seeking information about the stock’s true value. More information seekers imply greater competition for shares, making it easier for manipulators to trade and potentially worsening market efficiency.
Rajesh K. Aggarwal, Guojun Wu
openaire   +1 more source

Short term response of Chinese stock markets to the outbreak of COVID-19

, 2020
China’s economy and the Asian stock markets have been severely impacted by the COVID-19 outbreak. This article used an event study method to calculate the abnormal returns (AR) in the 10 trading days following the outbreak, from which it was found that ...
Haiyue Liu   +3 more
semanticscholar   +1 more source

Stock market aversion? Political preferences and stock market participation

Journal of Financial Economics, 2010
We find that left-wing voters and politicians are less likely to invest in stocks, controlling for income, wealth, education, and other relevant factors. This finding from unique data sets in Finland is robust both at the zip code and at the individual level. A moderate left voter is 17-20% less likely to own stocks than a moderate right voter.
Torstila, Sami, Kaustia, Markku
openaire   +3 more sources

Herding Behavior in Chinese Stock Markets during COVID-19

, 2020
This paper investigates herding behavior in the Chinese stock markets during the COVID-19 pandemic. We find that herding behavior is significantly lower than usual in Chinese stock markets during the COVID-19 period.
Guofeng Wu, Boguang Yang, Ningru Zhao
semanticscholar   +1 more source

Integration of African Stock Markets with the Developed Stock Markets: An Analysis of Co-Movements, Volatility and Contagion

, 2020
This paper investigates evidence of integration and contagion between major African stock markets (ASMs) and developed stock markets during the periods of global financial crisis (GFC) and Eurozone sovereign debt crisis (ESDC).
I. Anyikwa, P. le Roux
semanticscholar   +1 more source

CDS - Stock market chaotic relationship - Turkish stock market case

AIP Conference Proceedings, 2019
In this paper, two important points will be investigated, if the variables have the chaotic behavior by LLE and Henon map and if they have chaotic causality by Hristu-Varsakelis and Kyrtsou causality test. It was determined the chaotic behavior of the Turkish stock market and CDS.
Gokmenoglu, Seyit M.   +2 more
openaire   +2 more sources

Geopolitical Risk and Volatility Spillovers in Oil and Stock Markets

Quarterly Review of Economics and Finance, 2019
Geopolitical events are widely reported in the press and may influence the risk premium demanded by investors in addition to demand and supply of energy resources.
L. Smales
semanticscholar   +1 more source

Competitive Stock Markets

The Review of Economic Studies, 1983
Suppose that a perfectly competitive firm wishes to determine its intertemporal production-and-investment plan in accordance with its shareholders' interests. Will it be able to satisfy this desideratum? And if so, what course should it pursue? In a general equilibrium model with many periods, uncertainty, incomplete markets, and trading through time ...
openaire   +1 more source

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