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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656182

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://www.econbiz.de, 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

On the efficiency of US community banks around the COVID-19 outbreak

El Kassimi, Manal; El Badraoui, Khalid; Ouenniche, Jamal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546679

Green M&A deals : do acquirers obtain superior returns?

Darškuvienė, Valdonė; Lideris, Vilius - 2025

Purpose: The paper aims to examine whether investors receive superior returns for participating in green mergers and acquisitions (M&As), or whether they pay a price for doing so. Design/methodology/approach: Using the event study research methodology, we assess whether acquirers are rewarded by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654924

Change in farmer expectations from information surprises in the corn market

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

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015166744

Was the KORUS FTA a horrible deal?

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

Persistent link: https://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371774

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015271826

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272007

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

Gatti, Stefano; Sperl, Ulrich - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338126

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338641

Do investors value workforce gender diversity?

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

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195711

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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015454628

Using event studies as an outcome in causal analysis

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

Persistent link: https://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015456226

On the carbon premium in Swiss stock returns

Heim, Jonas; Nitschka, Thomas - 2025

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

Market valuation of crisis-responsive corporate social responsibility

Su, Ya; Tang, Fei - 2025

Purpose: This study examines the impact of corporate social responsibility (CSR) initiatives during a major public crisis on stock performance. We explore whether and why crisis-period donations could serve as credible market signals that affect market value, and how ownership type and industry...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605821

Presidential elections and secretary appointment : an event study for US biotechnology and drugs

Martins, António Miguel; Albuquerque, Bruno; Sardinha, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015576960

Motherhood and labour market outcomes : penalty or premium?

Banerjee, Souvik; Mukhopadhyay, Sankar; Jaiswal, Preeti - 2025

Using nationally representative longitudinal data from the Consumer Pyramids Household Survey, we examine the effect of childbirth on female labour market outcomes in India. Contrary to findings from similar studies in developed countries, we do not observe any motherhood penalty in earnings,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015532397

The effects of infection containment policies with weak legal enforcement

Kitamura, Shuhei; Nakata, Taisuke - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558902

One fed, many voices : coordinated communication vs. transparent debate

Djourelova, Milena; Ferroni, Filippo; Melosi, Leonardo; … - 2025

We analyze 481 speeches by FOMC members since 2007, excluding official press conferences. Combining high-frequency financial data with text analysis, we identify monetary policy surprises and measure each speech's similarity to the Chair's press conference preceding it. On average, monetary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559000

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One fed, many voices : coordinated communication vs. transparent debate

Djourelova, Milena; Ferroni, Filippo; Melosi, Leonardo; … - 2025

Book / Working Paper

Short-term market impact of crypto firms’ bankruptcies on cryptocurrency markets

Martins, António Miguel - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055805

What determines the gender pay gap in academia?

Masso, Jaan; Meriküll, Jaanika; Roosaar, Liis; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015057059

Islamic stock indices and COVID-19 : evidence from Indonesia

Cipto, Selamet Herman; Endri, Endri; Haryono, Yono; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014584518

The outbreak of COVID-19 and stock market responses : an event study and panel data analysis for G-20 countries

Singh, Bhanwar; Dhall, Rosy; Narang, Sahil; Rawat, Savita - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014634309

Capital market response to high quality annual reporting : evidence from UK annual report awards

Chircop, Justin; Gagnon, Jacqueline; Young, Steven - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014576849

Targeted bidders in government tenders

Cappelletti, Matilde; Giuffrida, Leonardo M. - 2024

A set-aside promotes a more equitable procurement process by restricting participation in government tenders to small or disadvantaged businesses. Yet its micro-effects on tender outcomes (competition and contract efficiency) and targeted firm performance entail trade-offs, which we evaluate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014551009

China's stock market under COVID-19 : from the perspective of behavioral finance

Li, Kaizheng; Jiang, Xiaowen - 2024

As a colossal developing economy, irrational, and inefficient trades broadly exist in China's stock market and are intensified by the once-in-a-century COVID-19 pandemic. This atypical but prominent event enhances systemic risk and requires a more effective analysis tool that adapts to the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015101705

Stock market reaction to increased transparency : an analysis of country-by-country reporting in developing countries

Gabanatlhong, Bathusi - 2024

Country-by-country reporting aims to curb tax avoidance by multinational corporations and increase transparency in the tax system. This paper provides the first evidence of the effect of country-by-country in developing countries, focusing on the market response of the African stock market to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075540

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Stock market reaction to increased transparency: An analysis of country-by-country reporting in developing countries

Gabanatlhong, Bathusi - 2024

Book / Working Paper