Search Results - subject_exact:"Stock exchange trading"

A panel causality analysis of financial risk indicators and industrial firms' performance : evidence from an emerging market

Al-Own, Bassam; Al-Eitan, Ghaith N.; Al Shbail, … - 2026

Purpose - This study offers an empirical examination of the causal relationship between financial risks and firm performance among industrial firms listed on the Amman Stock Exchange credit risks and financial risk ratios are used to gauge overall financial risk, while the performance measure...

Persistent link: https://www.econbiz.de/10015592491

Vanishing acts : an econometric exploration of firm delistings in South Africa

Bhorat, Haroon; Neethling, Leigh; Sayed, Ayesha - 2026

Persistent link: https://www.econbiz.de/10015590851

Missing markets : microstructure and liquidity on the London Stock Exchange

Esteves, Rui Pedro; Mesevage, Gabriel Geisler - 2026

Persistent link: https://www.econbiz.de/10015579738

Initiating electric vehicle price index and its economic factors : evidence from the stock exchange of Thailand

Aleenajitpong, Natdanai; Kaewpunpong, Karn - 2026

Persistent link: https://www.econbiz.de/10015620165

Fuzzy representation of a limit order book as a measure of stock liquidity

Stereńczak, Szymon; Marszałek, Adam - 2026

In this paper, we seek to ascertain whether the recently developed ordered fuzzy number (OFN) representation of a limit order book (LOB) by Marszałek and Burczyński (2024) may serve as a measure of stock liquidity. In particular, we aim to test whether this measure contains similar or distinct...

Persistent link: https://www.econbiz.de/10015620968

Effectiveness of trading pauses : evidence from the Tokyo stock exchange

Kasahara, Akitada; Yamada, Masahiro - 2026

Persistent link: https://www.econbiz.de/10015624512

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Effectiveness of trading pauses : evidence from the Tokyo stock exchange

Kasahara, Akitada; Yamada, Masahiro - 2026

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Investigating the systematically important equity sectors in extreme conditions : a case of Johannesburg Stock Exchange

Lawrence, Babatunde; Chaturvedi, Anurag; Obalade, … - 2026

This study examined the 'too central to fail' concept in the South African equity sector. We employed the Granger causality framework and PageRank algorithm to generate the centrality scores of the sectors on the Johannesburg Stock Exchange under extreme market conditions. Using the realized...

Persistent link: https://www.econbiz.de/10015639065

Financial information quality between numerical accuracy and comprehensibility : effects on investment decisions in the context of the Bucharest Stock Exchange

Mogîldea, Daniela; Carp, Mihai - 2026

The informational efficiency of stock prices is conditioned by the level of quality of financial reports, contributing to an accurate assessment of the company's future performance. By approaching informational quality from two perspectives, we conducted an analysis of the impact of faithful...

Persistent link: https://www.econbiz.de/10015643096

Beyond one-size-fits-all : how firm size moderates corporate governance effects on earnings quality in vietnam

Thuan, Luu Tien; Nguyen, Thu Nha Trang; Le, Thi Thu Trang; … - 2026

Persistent link: https://www.econbiz.de/10015656405

Asymmetric effects of oil price shocks on stock markets : a NARDL analysis for Türkiye and Kazakhstan

İmamoğlu, Özkan - 2026

This study examines the asymmetric responses of stock market indices in Türkiye and Kazakhstan to oil price shocks during the 2010-2025 period. Using the Nonlinear Autoregressive Distributed Lag (NARDL) model, the study decomposes the nonlinear effects of oil price fluctuations on financial...

Persistent link: https://www.econbiz.de/10015633797

Two-layer execution architecture for illiquid SME equity markets

Egloff, Pascal; Tharyan, Rajesh; Graf, Sabrina; … - 2026

Thin equity markets for small and medium-sized enterprises often have sparse order flow that cannot sustain continuous quoting. This study proposes a two-layer execution architecture with a modified constant product market maker (modCPMM) designed to provide baseline immediacy for ordinary...

Persistent link: https://www.econbiz.de/10015668294

Stock liquidity and share returns : evidence from mining companies listed on Johannesburg Stock Exchange

Moyana, Simbarashe; Magwedere, Margaret Rutendo; … - 2026

Persistent link: https://www.econbiz.de/10015665420

Examining the impact of exchange rate uncertainty on the Tehran Stock Exchange Index : hybrid approach using wavelet transform and quantile regression model

Poor, Saeed Kian; Hajian, Mohsen - 2026

This study examines the impact of exchange rate uncertainty on the Tehran Stock Exchange (TSE) index, addressing the critical role of currency volatility in Iran's sanction-constrained economy. Motivated by the need to understand non-linear market dynamics, it aims to analyze scale-specific and...

Persistent link: https://www.econbiz.de/10015666336

Corporate governance and asset pricing : a portfolio-level study of the Tokyo Stock Exchange

Karaca, Ali; Rahman, Shaikh M. - 2026

This study examines whether corporate governance helps explain cross-sectional stock return variation on the Tokyo Stock Exchange. We construct 32 portfolios sorted by firm size, book-to-market equity, profitability, investment, and a governance indicator distinguishing institutional and...

Persistent link: https://www.econbiz.de/10016059138

Corporate financial resilience under incomplete markets : a theoretical framework for derivative-constrained emerging markets

Prelipcean, Gabriela; Boșcoianu, Mircea; Samburschii, … - 2026

This paper develops a theoretical framework for corporate financial resilience under incomplete-market conditions, in which firm-specific equity derivatives are structurally unavailable or only weakly developed. Using the Romanian capital market and the Bucharest Stock Exchange (BSE) as a focal...

Persistent link: https://www.econbiz.de/10016059343

Firm-level determinants of the cost of debt : new empirical evidence from a bank-based economy

Boumlik, Zouhair; Colot, Olivier; Oulhadj, Badia - 2026

The purpose of this paper is to investigate the firm-level determinants of the cost of debt in a bank-based emerging economy, where debt serves as the primary external financing mechanism, enabling firms to maintain operations, pursue growth opportunities, and ensure long-term financial...

Persistent link: https://www.econbiz.de/10016061616

Intellectual capital of game developers listed on the main market of the Polish Stock Exchange in the years 2022-2023

Łukasik, Paweł - 2026

Objective: To determine the value of the intellectual capital of joint-stock companies from the gaming sector listed on the Warsaw Stock Exchange Main Market in the years 2022-2023. Research Design & Methods: The intellectual capital of companies in the gaming sector was calculated using three...

Persistent link: https://www.econbiz.de/10016061890

Corporate ESG disclosure and regulatory inquiry : evidence from comment letters on annual reports

Li, Xin; Tong, Yan; Xu, Guoquan - 2025

Persistent link: https://www.econbiz.de/10015374388

Financial performance analysis of companies in the stock exchange Istanbul tourism index

Tutar, Hasan; Ay, Gamze; Şahin, Mehmet - 2025

This study aimed to evaluate the financial performance of tourism companies listed on the Borsa Istanbul Stock Exchange (BIST) using a multi-criteria decision-making method called the Range of Values (ROV) technique. This approach was chosen because it allows multiple financial indicators to be...

Persistent link: https://www.econbiz.de/10015376326

Global financial market spillovers to the Dhaka Stock Exchange : strategic insights from trade-friendly nations

Borman, Tanmay; Nahiduzzaman, Md.; Kuri, Bapon Chandra; … - 2025

Persistent link: https://www.econbiz.de/10015334695

Does cross-listing on the Hong Kong stock exchange affect Chinese firms' green innovation? : new evidence

Xin, Xiang; He, Xu - 2025

Green innovation is a costly and risky process that enables firms to improve their energy efficiency and maintain sustainable growth. In this study, we investigate whether cross-listing shares in developed markets encourages firms from developing markets to engage in green innovation. By...

Persistent link: https://www.econbiz.de/10015337368

Navigating uncertainty in an emerging market : data-centric portfolio strategies and systemic risk assessment in the Johannesburg Stock Exchange

Muteba Mwamba, John; Mba, Jules C.; Kitenge, Anaclet K. - 2025

This study investigates systemic risk, return patterns, and diversification within the Johannesburg Stock Exchange (JSE) during the COVID-19 pandemic, utilizing data-centric approaches and the ARMA-GARCH vine copula-based conditional value-at-risk (CoVaR) model. By comparing three investment...

Persistent link: https://www.econbiz.de/10015338318

Audit report readability and information efficiency : evidence from the Tehran Stock Exchange

Rajabalizadeh, Javad; Schadewitz, Hannu - 2025

Persistent link: https://www.econbiz.de/10015423906

Are macroeconomic variables a determinant of ETF flow in South Africa under different economic conditions?

Moodley, Fabian; Lawrence, Babatunde; Tabash, Mosab I. - 2025

The objective of this study is to examine the effect of macroeconomic variables on exchange-traded funds (ETFs) returns under different market conditions. The growing prominence of ETFs in emerging markets has over the years drawn much relevance in the academic front for the ability to track the...

Persistent link: https://www.econbiz.de/10015466482

Short-term forecasting of the JSE All-Share Index using gradient boosting machines

Mukhaninga, Mueletshedzi; Ravele, Thakhani; Sigauke, Caston - 2025

This study applies Gradient Boosting Machines (GBMs) and principal component regression (PCR) to forecast the closing price of the Johannesburg Stock Exchange (JSE) All-Share Index (ALSI), using daily data from 2009 to 2024, sourced from the Wall Street Journal. The models are evaluated under...

Persistent link: https://www.econbiz.de/10015447938

Fragmentation in European equity markets since 2019

Danieli, Lorenzo; Fruzza, Raoul; Le Moign, Caroline - 2025

Persistent link: https://www.econbiz.de/10015455059

Does trading mechanism shape cross-market integration? : evidence from stocks and corporate bonds on the Tel Aviv Stock Exchange

Hadad, Elroi - 2025

Purpose This study investigates the influence of trading mechanisms on cross-market integration between stocks and corporate bonds on the Tel Aviv Stock Exchange (TASE) during the COVID-19 crisis. Unlike the worldwide practice of trading corporate bonds on an over-the-counter (OTC) market, TASE...

Persistent link: https://www.econbiz.de/10015410411

Pakistan and Malaysia bilateral trade agreement (BTA) : a case of the Pakistan stock exchange (PSX) reaction

Choudhary, Mazhar Hussain - 2025

The goal of this investigation is to establish a connection between the attributes of listed companies and the effects of the Pakistan-Malaysia Bilateral Trade Agreement (BTA) on Pakistan\'s stock markets. For that purpose, this research is to look at how the Pakistan Stock Exchange (PSX) was...

Persistent link: https://www.econbiz.de/10015438384

Disclosure quality ratings by the stock exchanges : evidence from China

Yang, Shuo; Zhao, Jingran - 2025

Purpose - The stock exchanges in China assess firms' disclosure quality annually according to a grading sheet. The grading sheet evaluates mandatory and voluntary disclosures, investor relations, and compliance with and violations of securities laws; some items are publicly observable, others...

Persistent link: https://www.econbiz.de/10015438524

Evolutions in the financial reporting quality : a comparative analysis of Romanian companies listed on the Bucharest Stock Exchange

Istrate, Costel - 2025

The permanent evolution of accounting and financial reporting standards, in particular for listed companies, is justified by the need to adapt these standards to economic, societal, financial, institutional and technological developments. The main objective of the standard setters is that the...

Persistent link: https://www.econbiz.de/10015457830

The evaluation of the relationship between the companies' sustainability reporting and their financial performance

Socoliuc, Mihaela Ionela; Ionescu, Bogdan-Ştefan; … - 2025

The purpose of the present research is to assess the impact of ESG reporting on the financial performance of the companies listed on the Bucharest Stock Exchange (BVB). The research methodology has been based both on a qualitative approach used in the analysis of the specialised literature and...

Persistent link: https://www.econbiz.de/10015461633

Women directors on traditionally male-dominated stock exchange boards : can they make a difference?

Padilla Angulo, Laura; Ben Slimane, Faten - 2025

Persistent link: https://www.econbiz.de/10015562408

Analysis of the rates of return on investments in socially responsible companies with the example of the WIG-ESG index

Muszyński, Mateusz; Podgórski, Krzysztof - 2025

Research background: The ecological transformation has contributed to the increased importance of socially responsible investments. In the theoretical part of the paper, the issues of CSR and ESG were mentioned, and a literature review was performed. The empirical part presents the results of...

Persistent link: https://www.econbiz.de/10015492625

Resilience in Jordan's stock market : sectoral volatility responses to financial, political, and health crises

Al Natour, Abdul Rahman - 2025

Sectoral vulnerability to distinct crisis types in small, open, and geopolitically exposed markets-such as Jordan-remains insufficiently quantified, constraining targeted policy design and portfolio allocation. This study's primary purpose is to establish a transparent, comparable metric of...

Persistent link: https://www.econbiz.de/10015492646

Herding behaviour and stock market efficiency : an empirical study in the Egyptian stock market

Abd-Allah, Mustafa Hussein; Mohamed, Khloud Magdy Khalaf; … - 2025

Persistent link: https://www.econbiz.de/10015608212

Motivations and effects of mergers and acquisitions on the Warsaw Stock Exchange, considering ESG factors

Zabawa, Justyna; Łosiewicz-Dniestrzańska, Ewa; Radlo, … - 2025

The main purpose of this article is to determine the impact of Environmental, Social, and Governance (ESG) factors on corporate mergers and acquisitions (M&A). The study was conducted on companies listed on the Warsaw Stock Exchange (WSE), which plays a significant role in European capital...

Persistent link: https://www.econbiz.de/10015609624

The firm's CSR image and its choice of capital structure

Al-Khoury, Abeer; Suwaidan, Mishiel; Alkhouri, Ritab; … - 2025

Persistent link: https://www.econbiz.de/10015610960

The cost of equity capital and investment sensitivity to the cash flows : evidence from Jordanian industrial companies

Ismail, Marah Bani; Ismaeel, Bader - 2025

This study aimed to examine the impact of the cost of equity on the sensitivity of investment to cash flows by utilizing cross-sectional time series data (Panel Data). The sample consisted of 25 industrial companies listed on the Amman Stock Exchange (ASE) from 2010 to 2020, encompassing a total...

Persistent link: https://www.econbiz.de/10015613475

Uncertainty as a determinant of dividend decisions of public companies during the COVID-19 pandemic. The case of companies listed on the Warsaw Stock Exchange

Kowerski, Mieczysław; Sioma, Tomasz - 2025

The aim of the article is to analyze the impact of an unpredictable individual event such as the COVID-19 pandemic on dividend decisions of companies listed on the Warsaw Stock Exchange. Due to the fact that the vast majority of companies do not provide detailed justification for dividend...

Persistent link: https://www.econbiz.de/10015592605

Taming the dragon : stock exchange comment letters and earnings volatility

Yao, Yao; Li, Bin; Qin, Bo; Yang, Xing - 2025

Persistent link: https://www.econbiz.de/10015553077

Assessing the resilience of the financial market : a multistage approach in the context of the COVID-19 pandemic

Grosu, Maria; Mihalciuc, Camelia Cătălina; Maha, … - 2025

Persistent link: https://www.econbiz.de/10015553198

Attracting new listings : what shapes IPO activity across markets

Demir, Ishak; Ghofrani, Erfan; Liu, Ying - 2025

Persistent link: https://www.econbiz.de/10015555416

Determinants of internal control system effectiveness : evidence from Greek listed companies

Giannopoulos, Vasileios; Lymperopoulos, Antonios; … - 2025

This paper examines the interrelationship between Corporate Governance (CG), Internal Control System (ICS), and Organizational Performance (OP), with a particular focus on the effectiveness of the ICS in relation to the quality of its components. Drawing on recent literature and empirical...

Persistent link: https://www.econbiz.de/10015556034

Family businesses listed on the Johannesburg stock exchange : an introduction and research agenda

Viviers, Suzette; Venter, Elmarie - 2025

Persistent link: https://www.econbiz.de/10015624558

Capital structure and profitability of small pharmaceutical firms : evidence

Akinola, Nurudeen; Apps, Rod - 2025

The relationship between capital structure and profitability remains a critical issue for finance scholars and corporate decision-makers. While prior studies have examined this relationship in the pharmaceutical sector, limited attention has been given to small pharmaceutical firms. This study...

Persistent link: https://www.econbiz.de/10015639880

Green energy stocks & market trends : an overview of contemporary literature

Topa, Răzvan - 2025

The energy sector has gained increasing importance in recent years, playing a vital role in economic development at both national and global levels, especially in the shift towards a zero-carbon economy. This study provides a comprehensive overview, analysing green energy stocks and their trends...

Persistent link: https://www.econbiz.de/10015639895

Are there too few publicly listed firms in the US?

Doidge, Craig; Karolyi, G. Andrew; Shen, Kris; Stulz, … - 2025

Persistent link: https://www.econbiz.de/10015396497

Share ownership and the introduction of no liability legislation in nineteenth-century Australia

Fleming, Grant A.; Liu, Zhangxin; Merrett, David; … - 2025

Persistent link: https://www.econbiz.de/10015533568

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Share ownership and the introduction of no liability legislation in nineteenth-century Australia

Fleming, Grant A.; Liu, Zhangxin; Merrett, David; … - 2022

Book / Working Paper

Deep limit order book forecasting : a microstructural guide

Briola, Antonio; Bartolucci, Silvia; Aste, Tomaso - 2025

Persistent link: https://www.econbiz.de/10015534180

Trading signals of the relative strength index and market valuation of State Treasury companies listed on the Warsaw Stock Exchange

Lisicki, Bartłomiej; Podgórski, Krzysztof - 2025

Accurate forecasting of the level of volatility of financial instrument prices is important from the point of view of stock exchange investors. The aim of this paper is to measure the value relevance of transaction signals (buy/sell) by the relative strength index (RSI) in the case of State...

Persistent link: https://www.econbiz.de/10015560400