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Initial Public Offerings : Investor Behavior and Underpricing

Shiller, Robert J. - 2010

deliberately underprice to obtain publicity and promote enthusiasm. Other hypotheses suggested by the results are an investor risk …

Persistent link: https://www.econbiz.de/10012763289

Brexit Uncertainty and Trade Disintegration

Graziano, Alejandro - 2018

trade policy risk across products and asymmetric for UK and EU exporters. We estimate that a persistent doubling of the …

Persistent link: https://www.econbiz.de/10012906789

The Time Variation of Risk and Return in Foreign Exchange Markets : A General Equilibrium Perspective

Bekaert, Geert - 2010

and conditional heteroskedasticity of exchange rates and on the behavior of foreign exchange risk premiums. The model …

Persistent link: https://www.econbiz.de/10013138143

The Global Impact of Brexit Uncertainty

Hassan, Tarek A.; Hollander, Stephan; Lent, Laurence van; … - 2022

We propose a text-based method for measuring and analyzing the international propagation of uncertainty shocks at the firm level. We apply this method to estimate the impact of Brexit-related uncertainty and find widespread reverberations on listed firms in 81 countries. International firms most...

Persistent link: https://www.econbiz.de/10013324715

Market-Specific and Currency-Specific Risk During the Global Financial Crisis : Evidence from the Interbank Markets in Tokyo and London

Fukuda, Shin-Ichi - 2011

-specific risks during the crisis. The regression results suggest that counter-party credit risk increased the difference across the … markets, while liquidity risk caused the difference across the currency denominations. They also support the view that a … central bank liquidity provisions were useful in reducing liquidity risk in the US dollar transactions. But their …

Persistent link: https://www.econbiz.de/10013127007

Economic Uncertainty Before and During the Covid-19 Pandemic

Altig, David - 2020

We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about future business growth, and...

Persistent link: https://www.econbiz.de/10012830476

Uncertainty and Investment Dynamics

Bloom, Nicholas - 2014

This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed both numerically for a model with a rich mix...

Persistent link: https://www.econbiz.de/10012752137

International Adverse Selection in Life Insurance and Annuities

McCarthy, David J. - 2003

This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products. We also compare results with prior analyses of adverse selection in international annuity markets, focusing on the US, the UK, and Japan. Our...

Persistent link: https://www.econbiz.de/10012786402

The Risk and Return from Factors

Chan, Louis K. C. - 2010

The ability to identify which factors best capture systematic return covariation is central to applications of multifactor pricing models. This paper uses a common data set to evaluate the performance of various proposed factors in capturing return comovements. Factors associated with the...

Persistent link: https://www.econbiz.de/10012763842

Brexit Uncertainty and its (Dis)Service Effects

Ahmad, Saad; Limão, Nuno; Oliver, Sarah; Shikher, Serge - 2022

variation in the probability of Brexit from prediction markets interacted with a new trade policy risk measure across service …

Persistent link: https://www.econbiz.de/10014090937