Search Results - subject_exact:"Event study"

The wealth effects of the abuse of dominance enforcement

Ocepek, France - 2026

The article investigates the welfare impacts of abuse of dominance enforcement proxied by the stock price evaluations. The European Commission reformed the competition policy at the turn of the new century; however, the reform efforts were more reserved and cautious regarding Article 102 TFEU...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654684

Stock market reactions to COP26 and climate change exposures of indian firms

Bhaduri, Saumitra; Selarka, Ekta; Aggrwal, Alankrti - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610978

Energy markets at war : the effect of the Russian invasion of Ukraine on refinery margins

Gregor, Leonard; Haucap, Justus - 2026

This paper evaluates the effect of the Russian invasion of Ukraine in February 2022 on refinery margins, i.e. the difference between wholesale prices for road fuels (gasoline and diesel) and oil prices in Europe and Germany in particular. Following the Russian invasion of Ukraine, wholesale road...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614478

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Energy markets at war : the effect of the Russian invasion of Ukraine on refinery margins

Gregor, Leonard; Haucap, Justus - 2026

Book / Working Paper

The stock market effects of the 2022 Russia sanctions : evidence from the US and the EU

Leusen, Matthijs; Garretsen, Harry; Giumelli, Francesco; … - 2026

We examine how Western sanctions imposed in response to Russia's 2022 invasion of Ukraine shaped firm-level stock market performance in the EU and the US. To measure sanction exposure, we link firms to the specific products targeted by US and EU sanctions at the HS6 level, producing a detailed,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639124

Dynamics of oil markets amid financial distress among small firms in the energy industry

Al Mustanyir, Salem - 2026

This research examines market reactions to financial distress announcements by small privately held Canadian oil firms operating in the upstream sector between 2015 and 2021, employing an event study methodology, with daily spot prices for Brent and WTI crude oil serving as market benchmarks....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639171

Recovering a lost ISO 9001 certification : what is the economic impact?

Cândido, Carlos J. F.; Coelho, Luís M. S.; Peixinho, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644193

ORAKULUM : an information-impact asset pricing model introducing a jump-diffusion framework for information-driven markets

Köntös, Zoltán; Rahimkulov, Ruszlan Megdetovics - 2026

Standard asset pricing models treat price dynamics as a stochastic process driven by undifferentiated random noise, rendering them agnostic about the primary engine of price discovery: the arrival of economically significant information. This paper introduces ORAKULUM, a structured...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656182

Federal Reserve rhetoric and GCC equity market returns : insights from NLP, sentiment analysis and event studies

Ben Dob, Ali; Benlamine, Mokhtar - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668988

How can a firm suppress shareholders' punitive reaction to its disengagement from a geopolitically uncertain market?

Astvansh, Vivek; Eshghi, Kamran; Shahriari, Hesam; Shi, Wei - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670267

Reconciling estimates of the long-term earnings effect of fertility

Bensnes, Simon; Huitfeldt, Ingrid; Leuven, Edwin - 2026

This paper reconciles different approaches to estimating the labor market effects of children. Combining elements from event-study and instrumental-variable estimators we find that while both approaches imply a 15 percent increase in the mother-partner earnings gap ("child penalty"), they differ...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653496

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Reconciling estimates of the long-term earnings effect of fertility

Bensnes, Simon; Huitfeldt, Ingrid; Leuven, Edwin - 2023

Book / Working Paper

Reconciling estimates of the long-term earnings effect of fertility

Bensnes, Simon; Huitfeldt, Ingrid; Leuven, Edwin - 2023

Book / Working Paper

Green bond market development and stock market reactions in Asia : a descriptive and event-study analysis

Elam, Latansa Izzata Dien; Nardon, Martina - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670809

Modern difference-in-differences, same old answer : what event-study estimates really tell us about the effects of minimum wages on jobs

Neumark, David; Rodríguez López, Antonio - 2026

Two prominent publications in the recent minimum wage literature argue that estimation of the employment effects of minimum wages should use "clean" event-study designs, and that doing so leads to the conclusion that minimum wages have very limited, if any, effects on employment. We explore the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015674877

Mental health and firm pay premiums

Etheridge, Ben; Yumoto, Hiromi - 2026

Determining the effect of income on mental health remains an important and open question. We provide new causal evidence using a theory-driven mover design: exploiting jobto-job moves in a continuous-treatment event study, we estimate the effect of changes in firm pay premiums on the use of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070524

On abnormal returns in events associated with equity offerings

Verdú Hernares, Manuel; Carchano Alcina, Óscar; … - 2026

Equity offerings are an option available to companies to raise capital. The aim of this paper is to study the occurrence of market anomalies in this context. Using a sample of more than 40,000 equity offerings from 25 countries, an event study has been conducted to estimate and explain abnormal...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070497

Change in farmer expectations from information surprises in the corn market

Fiechter, Chad; Kuethe, Todd; Langemeier, Michael R.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015166744

How do ETF splits impact return and liquidity in India? : Unveiling the effects through event study

Saini, Chanchal; Sharma, Ishwar; Verma, Bhawana - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616874

Market volatility and lodging REIT performance : an event study analysis

Ampountolas, Apostolos - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617444

Was the KORUS FTA a horrible deal?

Kim, Hyeongwoo; Kim, Madeline H.; Sadana, Divya; Shao, Peng - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015548955

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Was the KORUS FTA a horrible deal?

Kim, Hyeongwoo; Kim, Madeline H.; Sadana, Divya; Zhang, Jie - 2024

Book / Working Paper

Market reaction to dividend announcements during pandemic : an event study

Prakash, Nisha; Yogesh L - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371774

ESG ratings, ESG news sentiment, and firm credit risk perception

Wang, Fangfang; Silaghi, Florina; Ongena, Steven; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647158

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ESG ratings, ESG news sentiment and firm credit risk perception

Wang, Fangfang; Silaghi, Florina; Ongena, Steven; … - 2025

Book / Working Paper

The behavior of stock prices around the ex-day during a dividend shortage

Ducret, Romain; Eugster, Nicolas; Isakov, Dušan; … - 2025 - This version: December 20, 2024

This paper investigates the behavior of stock prices around ex-dividend dates in Europe over the period 2018-2022. In the early months of the COVID-19 pandemic in 2020, a significant fraction of firms cut, suspended, or reduced their dividend payments, leading to a shortage. Using a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015271826

The asymmetric impact of corporate social responsibility on stock returns

Liu, Mei; Ma, Qing-Ping - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653598

Short-term impact of merger and acquisition on shareholders' return in Indian financial service sector : the role of deal type and percentage of ownership acquired

Mittal, Kajal; Virdi, Sandeep Singh; Kumari, Inu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015677423

How do event studies capture impact of macroeconomic news in forex market? : a meta-analysis

Bortnikova, Kseniya; Bajzik, Josef; Kočenda, Evžen - 2025

We perform a quantitative synthesis of 807 estimates of the effect of macroeconomic news announcements on exchange rates, as reported in 25 studies. Estimates are tested for publication selection using visual examination of funnel plots, linear asymmetry tests, and recent non-linear testing...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015272007

An announcement effect in reverse? : evidence from cash-settled convertible bonds

Gatti, Stefano; Sperl, Ulrich - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338126

Effect of merger announcements on stock prices : evidence from Indian public sector banks

Mittal, Kajal; Virdi, Sandeep Singh; Kumari, Inu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015677367

The effect of stock splits on liquidity : evidence from China

Pandow, Bilal Ahmad; Ganai, Khurshid Ali - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061050

Impact of geopolitical turmoil in the developing European stock markets vs. the global benchmark indices : an event study analysis of the Russo-Ukrainian war

Grinius, Meinardas; Baležentis, Tomas - 2025

The capital markets are sensitive to geopolitical events. It is important to provide evidence of reactions to specific geopolitical events in order to identify general patterns and effective risk management strategies. This study follows the event study approach to assess the reactions of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338641

Do investors value workforce gender diversity?

Daniels, David P.; Dannals, Jennifer E.; Lys, Thomas; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015195711

Financial implications of fintech acquisitions in India : a study on shareholder returns and acquisition dynamics

Panda, Manoj; Sharma, Pankaj; Sharma, Dipasha - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015677369

Volatility and ARCH effects on stock returns : an event study of budget 2021 announcements in India

Bansal, Divya; Bagrecha, Chaya; Bakshi, Avijit - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062555

The impact of nature restoration law on equity behavior : how biodiversity risk affects market risk

Capelli, Paolo; Gai, Lorenzo; Ielasi, Federica; Taddei, … - 2025

This study examines the market reaction to the approval of the Nature Restoration Law, a key component of the EU Biodiversity Strategy, and its implications for biodiversity-related financial risks. Using an event study methodology, we analyze the equity price movements of companies listed in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358879

Investigating proxies for retail investor attention in financial markets

Cahill, Daniel; Liu, Zhangxin; Smales, Lee A. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015387025

The impact of COVID-19 on the financial markets, energy price and exchange rates of GCC countries

Alalami, Ahlam Khalid; Raheem, Mohamed Mahees; Uluyol, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015416414

How high does high frequency need to be? : a comparison of daily and intradaily monetary policy surprises

An, Phillip; Stedman, Karlye Dilts; Lusompa, Amaze - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015419229

Child penalty estimation and mothers' age at first birth

Melentʹeva, Valentina; Riedel, Lukas - 2025

We show that the widespread approach to estimate the career costs of motherhood – so called “child penalties” – is prone to produce biased results, as it pools first-time mothers of all ages without accounting for their differences in characteristics and outcomes. We propose a novel...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015422508

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Child penalty estimation and mothers' age at first birth

Melentʹeva, Valentina; Riedel, Lukas - 2025

Book / Working Paper

Child penalty estimation and mothers' age at first birth

Melentʹeva, Valentina; Riedel, Lukas - 2023

Book / Working Paper

Influential information supply or just a modern pillory? : investor perceptions of the CEO pay ratio disclosure rule

Delic, Anamarija; Schäfer, Peter - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015470339

How does the stock market react to the carbon policy? : the Chinese experience during 2014-2022

Bai, Sarula; Yang, Cheol-Won - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015454628

Using event studies as an outcome in causal analysis

Arkhangelsky, Dmitry; Yanagimoto, Kazuharu; Zohar, Tom - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410332

The impact of climate policies on financial markets : evidence from the EU Carbon Border Adjustment Mechanism

Shi, Mengjie; Zhang, Yupu; Meinerding, Christoph - 2025 - This version: March 7, 2025

The introduction of the EU Carbon Border Adjustment Mechanism (CBAM) has triggered statistically significant negative stock market responses for firms within the EU. Comparing EU customers that have non-EU suppliers in CBAM-affected industries with their non- treated peers in the control group,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410676

The Red Sea conflict and market reactions : examining the role of military strength in financial markets

Yudaruddin, Rizky; Lesmana, Dadang; Ekşi, İbrahim Halil; … - 2025

This study examines market reactions to the US-Houthi conflict on January 11, 2024, across various markets, regions, and industries within the financial sector, emphasizing the role of military strength in shaping global financial responses. An event study methodology is applied to a sample of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432396

Local institutional ownership and price discovery around extreme weather events

Bauer, Rob; Broeders, Dirk; De Carolis, Flavio - 2025

In this event study, we analyze the effect of market segmentation on stock returns in Europe amid extreme weather events. We show that local institutional ownership (LIO) mitigates the negative effect of the uncertainty from the occurrence of extreme weather events on stock prices. We assess...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015434031

Environmental summits and innovation

Grechyna, Daryna; Ofori, Pamela Efua - 2025

This study examines the impact of Conference of the Parties (COP) summits on innovation using an event study framework. Innovation is measured by patent grants, distinguishing between the total number of patents and the number of patents in environmental technologies, based on the World...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015456226

On the carbon premium in Swiss stock returns

Heim, Jonas; Nitschka, Thomas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459691

The stock market's anticipation of the Trump 2024 election : the case of sustainable business models

Koch, Dennis; Schiereck, Dirk - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460152

The collapse of Silicon Valley Bank and Credit Suisse and their impact on other U.S. Banks

Martins, António Miguel - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015444628

Reaction of stocks to administrative sanction announcements : the BIST 100 case

Erbuğa, Gökçe Sinem - 2025

The purpose of this study is to determine the reaction of companies in the BIST 100 index in the case of administrative sanctions by the Capital Markets Board of Türkiye. For this purpose, 42 violations by 35 companies between 2013 and 2022 were evaluated. The event study methodology was used,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592015

CB monetary policy communication : an event study on intraday returns and volatility in the EUR/USD FX market

Fanta, Nicolas - 2025

We ask whether ECB communication outside monetary policy meeting days moves the EUR/USD exchange rate within minutes. We build an event study on one-minute prices and a Reuters-based corpus of 1,868 statements coded as dovish, neutral, or hawkish from 2008 to 2016. Identification combines strict...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015531726

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CB monetary policy communication: An event study on intraday returns and volatility in the EUR/USD FX market

Fanta, Nicolas - 2025

Book / Working Paper

Climate change, ethical accounting, and the Paris Agreement : does financial statement divergence influence shareholder value?

Viput Ongsakul; Pattanaporn Chatjuthamard; Pornsit Jiraporn - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015588388

Monetary transmission with frequent policy events

Altavilla, Carlo; Gürkaynak, Refet S.; Kind, Thilo; … - 2025

We empirically examine the role of both official monetary policy announcements and policymakers' speeches in the transmission of monetary policy to financial markets and the real economy in the euro area. Using intraday data covering a broad cross-section of financial assets, we construct the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591988

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Monetary transmission with frequent policy events

Altavilla, Carlo; Gürkaynak, Refet S.; Kind, Thilo; … - 2025

Book / Working Paper