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The Information Role of Earnings Conference Call Tone : Evidence from Stock Price Crash Risk

Fu, Xi - 2018

This paper investigates how the disclosure tone of earnings conference calls predicts future stock price crash risk … pessimistic tone during the current year-end call experience higher stock price crash risk in the coming year. Additional analyses … extreme future downside risk where managers may have incentives to communicate truthfully and disclose bad news …

Persistent link: https://www.econbiz.de/10012910632

Uncertainty and the Financial Crisis

Pacces, Alessio M. - 2010

The majority of commentators, along with the public opinion, are inclined to identify the causes of the last financial crisis in a combination of traditional market and regulatory failures in the operation and regulation of financial markets. Whatever cannot be explained along these lines is...

Persistent link: https://www.econbiz.de/10013147262

Uncertainty, Liquidity, and Financial Crisis

Pacces, Alessio M. - 2013

This paper investigates the determinants of liquidity crises based on the dynamics of banking and finance under uncertainty. The explanatory power of this framework is tested against the events of the global financial crisis. Despite limited availability of data that can proxy for uncertainty,...

Persistent link: https://www.econbiz.de/10013092072

Modeling Systemic Risks in Financial Markets

Rej, Abhijnan - 2013

systemic risk in terms of coupled networks.Systemic risk to financial markets is often defined as the risk of a major and rapid … different class of risk agents in the market face, distinct from more conventional kinds of primary and secondary risks due to a …

Persistent link: https://www.econbiz.de/10013072670

Geopolitical risks and their impact on global macro-financial stability : literature and measurements

Hodula, Martin; Janků, Jan; Malovaná, Simona; Ngoc Anh Ngo - 2024

heightened risk aversion, leading to shifts in investment portfolio allocations and cross-border capital flows; a nd t he r eal e …

Persistent link: https://www.econbiz.de/10015065805

Consequences of Uncertainty for Regulation : Law and Economics of the Financial Crisis

Pacces, Alessio Maria - 2010

This article analyzes the last financial crisis focusing on the recurrent dynamics of externalities in banking. It shows that two major determinants of the crisis were the uncertainty of a new form of financial intermediation and the failure of regulation to cope with its externalities....

Persistent link: https://www.econbiz.de/10013136479

Technology Spillovers, Information Externality, and Stock Price Crash Risk

Kim, Jeong-Bon - 2020

potential endogeneity. We further demonstrate two likely channels for the crash risk-reducing effect of technology spillovers … reduce the focal firm's stock price crash risk …

Persistent link: https://www.econbiz.de/10012853539

The Role and the Future of Regulation in the Financial Crisis : The Uncertainty Perspective

Pacces, Alessio M. - 2013

This paper analyzes the last financial crisis in the perspective of financial innovation focussing on the dynamics of systemic externalities in banking. After discussing the peculiar nature of banking and its external effects to society, it shows that one major determinant of the financial...

Persistent link: https://www.econbiz.de/10013095122

Global Risks and Collective Action Failures : What Can the International Community Do?

Ötker-Robe, İnci - 2014

What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...

Persistent link: https://www.econbiz.de/10013043705

Navigating bank risk-taking under excess liquidity : the moderating role of economic policy uncertainty and lessons from the Global Financial Crisis

Thanh Cong Nguyen; Nguyen Vu Hong Thai; Schinckus, … - In: Cogent economics & finance 12 (2024) 1, pp. 1-13

excess liquidity and bank risk-taking as well as explores its stronger impact in countries severely affected by the 2008 … bank risk-taking. The study also finds that the attenuating effect of EPU on the relationship between excess liquidity and … bank risk-taking is stronger in countries that were most severely affected by the GFC. It argues that the mechanisms by …

Persistent link: https://www.econbiz.de/10015193379