International Journal of Economics and Finance Studies最新文献_第8页

Threshold Effect Between Stock Market and Long-term Economic Growth in Côte d’Ivoire 股票市场与科特迪瓦长期经济增长的阈值效应

International Journal of Economics and Finance Studies Pub Date : 2023-01-31 DOI: 10.5539/ijef.v15n2p62

Oyibo Paul Vivien, Anzian Kouamé Marcel, Djeban Koffi Mouroufié Emmanuel, Brou Djandji Emmanuel

引用次数: 0

Mandatory Disclosures and Market Reaction: Evidence from Qatar Stock Exchange 强制性信息披露与市场反应:来自卡塔尔证券交易所的证据

International Journal of Economics and Finance Studies Pub Date : 2023-01-28 DOI: 10.5539/ijef.v15n2p44

Fouad Kessasra

{"title":"Mandatory Disclosures and Market Reaction: Evidence from Qatar Stock Exchange","authors":"Fouad Kessasra","doi":"10.5539/ijef.v15n2p44","DOIUrl":"https://doi.org/10.5539/ijef.v15n2p44","url":null,"abstract":"Information disclosure, inter alia, has a tremendously increasing impact on the stock market. This study aims to investigate the reaction of stock market to the mandatory disclosures in Qatar Stock Exchange (QSE) for the period 2020-2022. To be precise, the paper investigates the market reaction as indicated by the trading volume and stock price change to disclosure of periodic financial reports (quarterly, semi-annual, and annual) and company news and, subordinately, the relationship between trade volume and stock price change of the 47 (±1) traded listed companies on the QSE for the period spans from January 2020 to October 2022. Trading volume, all market share index value and stock price change were descriptively analyzed, then investigated using a one-to-one period approach, pre and post disclosure. In consistency with a priori predictions, the result shows significant market reaction as indicated by the volatility of both trade volume and stock price change. Moderate evidence is given to support the market reaction to the periodic disclosure other than annual financial reports. Additionally, findings show a weak positive relationship between trade volume and stock price change. Interestingly, the investigation provides substantial support to the weak form market efficiency, at least for the widely traded stocks. This indicates that insiders are not being better informed about the company’s true value than outsiders in the QSE. Finally, results support to the widely held belief, but heretofore undocumented evidence from the region, that permanent disclosures provide information benefits to investors and, hence, greater benefit.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"07 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86021646","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Herd Behaviour of Pension Funds by Asset Class 按资产类别划分的养老基金羊群行为

International Journal of Economics and Finance Studies Pub Date : 2023-01-20 DOI: 10.5539/ijef.v15n2p26

Ian Koetsier, Jacob A. Bikker

引用次数: 0

Parachute Effect of Dividends Paid in Times of Health Crisis: Case of Moroccan MSI 20 Companies 健康危机时期股利支付的降落伞效应:以摩洛哥MSI 20公司为例

International Journal of Economics and Finance Studies Pub Date : 2023-01-05 DOI: 10.5539/ijef.v15n2p18

Hajar Benjana

引用次数: 0

Determinants of Corn and Soybean Futures Prices Traded on the Brazilian Stock Exchange: An ARDL Approach 在巴西证券交易所交易的玉米和大豆期货价格的决定因素:ARDL方法

International Journal of Economics and Finance Studies Pub Date : 2022-12-25 DOI: 10.5539/ijef.v15n1p65

M. Tessmann, C. Carrasco-Gutierrez, A. Lima

{"title":"Determinants of Corn and Soybean Futures Prices Traded on the Brazilian Stock Exchange: An ARDL Approach","authors":"M. Tessmann, C. Carrasco-Gutierrez, A. Lima","doi":"10.5539/ijef.v15n1p65","DOIUrl":"https://doi.org/10.5539/ijef.v15n1p65","url":null,"abstract":"This work aims to understand the determinants of the prices of corn and soybean futures traded on the Brazilian Stock Exchange (B3) based on the influence of international commodity prices on domestic prices. Using a theoretical model developed by Mundlack and Larson (1993) that considers the one-price law hypothesis, we estimate the Autoregressive Distributed Lag (ARDL) bounds test for cointegration (Pesaran et al., 2001), who tested the existence of a long-term relationship between the variables, as well as short-term influences. The database comprises the period from February 2011 to December 2019 and corresponds to the prices of corn and soybean futures contracts traded on the Brazilian Stock Exchange; and corn, soybeans and oil traded on the Chicago Mercantile Exchange, in addition to incorporating in the analysis the Brazilian macroeconomic variables exchange rate, inflation and GDP. The main results showed a long-term relationship between domestic prices, the exchange rate, and international prices negotiated in the United States for both commodities. Soybean prices are mostly affected by international prices in comparison to corn prices. In the short term, we found that soybean prices are affected by trading prices of the same commodity in the United States.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87232104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Role of the People's Bank of China and Financial Supervisory Authorities for Greening China's Financial System 中国人民银行和金融监管机构在绿色中国金融体系中的作用

International Journal of Economics and Finance Studies Pub Date : 2022-12-25 DOI: 10.5539/ijef.v15n1p55

Pierre Bilivogui, Karfalla Diakite, Emmanuel Tonguino

{"title":"The Role of the People's Bank of China and Financial Supervisory Authorities for Greening China's Financial System","authors":"Pierre Bilivogui, Karfalla Diakite, Emmanuel Tonguino","doi":"10.5539/ijef.v15n1p55","DOIUrl":"https://doi.org/10.5539/ijef.v15n1p55","url":null,"abstract":"Climate change has become a significant threat to global economies in recent years. The idea that governments, banks, and regulators should work together to combat climate change and promote sustainable financing is gaining traction. The world’s central banks and financial regulators must take action on climate change and support sustainable financing. For example, consider the proliferation of regulatory bodies like the Sustainable Banking Network and central banks. The literature review is descriptive and relies on secondary sources. The report covers the first four quarters of 2021 and summarizes the monetary authority’s policy operations (goals and achievements). This study includes all scheduled banks and non-banking financial institutions in China in 2021, both public and private, due to their roles in green and sustainable finance. We spoke with four seasoned market analysts and four active and retired government officials and policymakers from central banks and financial supervisory authorities. While China’s economic development is undoubtedly threatened by climate change, the country has little choice but to continue to rely on its time-tested approaches to creating riches. The country cannot progress otherwise. Good news: The People’s Bank of China is making eco-friendly banking the norm in China’s financial sector.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74100296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How Volatility and Herding of the Stock Markets in the Oceania Region Influence Investors and Policymakers: A Sector-Wise Exploration in Pre and Post-COVID Period 大洋洲地区股票市场的波动性和羊群效应如何影响投资者和政策制定者:新冠疫情前后的行业探索

International Journal of Economics and Finance Studies Pub Date : 2022-12-07 DOI: 10.5539/ijef.v15n1p24

Swarnil Roy, Sk. Riad Arefin, Avijit Mallik

{"title":"How Volatility and Herding of the Stock Markets in the Oceania Region Influence Investors and Policymakers: A Sector-Wise Exploration in Pre and Post-COVID Period","authors":"Swarnil Roy, Sk. Riad Arefin, Avijit Mallik","doi":"10.5539/ijef.v15n1p24","DOIUrl":"https://doi.org/10.5539/ijef.v15n1p24","url":null,"abstract":"The paper probes the sector-wise presence of volatility persistence, herding behavior and corresponding implications on investors and policymakers in the Oceania region both in Pre-COVID & Post-COVID era. The inspection is based on seven identical sectors from both Australia and New Zealand using GARCH (Generalized autoregressive conditional heteroscedasticity) methods for volatility analysis and CSAD (Cross-Sectional Absolute Deviation) method for herding behavior. This paper finds the existence of herding behavior only in the consumer discretionary sector for both countries which delineates efficient market conditions for other sectors. The market is highly favorable for the investors in Food & Beverages, IT, and Healthcare sectors in both countries due to the potential growth opportunity while Real Estate and Financial sectors should be meticulously assessed in line with the alteration of macroeconomic forces. Fiscal and monetary measures along with the influx of labor forces and technological breakthroughs should be the key concentrations for the policymakers of both countries.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82924006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Public Debt Path and Long-Memory in Fiscal Data: An Analysis for a Developing Country 财政数据中的公共债务路径与长期记忆:一个发展中国家的分析

International Journal of Economics and Finance Studies Pub Date : 2022-12-05 DOI: 10.5539/ijef.v15n1p12

R. Moreira, E. Z. Monte

引用次数: 0

The Impact of Interest Rates and Treasury Bill Yields on Stock Prices in Zambia 利率和国库券收益率对赞比亚股票价格的影响

International Journal of Economics and Finance Studies Pub Date : 2022-11-30 DOI: 10.5539/ijef.v14n12p92

Y. Gebremeskel, Levison Malawo

引用次数: 0

Non-Fungible Token (NFT) Prices, Cryptocurrencies, Interest Rate and Gold: An Econometric Analysis (Jan. 2019-Aug. 2022) 不可替代代币(NFT)价格、加密货币、利率和黄金:计量经济学分析(2019年1月- 8月)2022)

International Journal of Economics and Finance Studies Pub Date : 2022-11-30 DOI: 10.5539/ijef.v15n1p1

P. Vartanian, Álvaro Alves de Moura Jr, J. Racy, Roberto Simioni Neto

{"title":"Non-Fungible Token (NFT) Prices, Cryptocurrencies, Interest Rate and Gold: An Econometric Analysis (Jan. 2019-Aug. 2022)","authors":"P. Vartanian, Álvaro Alves de Moura Jr, J. Racy, Roberto Simioni Neto","doi":"10.5539/ijef.v15n1p1","DOIUrl":"https://doi.org/10.5539/ijef.v15n1p1","url":null,"abstract":"In May 2014, the animation “Quantum” was the first work to be associated with a non-fungible token (NFT) type certificate. As of 2020, the market has evolved considerably, with the millionaire figures and exponential growth typical of new disruptive technologies. Considering the recent rise of the NFT market, it is important to understand how it works and, above all, the determinants of the prices of NFTs are highlighted. Based on a detailed analysis of this new market, a GARCH multivariate econometric model is applied in order to assess whether it is possible to identify the price determinants of NFTs, based on the behavior of the prices of cryptocurrencies (Bitcoin and Ethereum), the US interest rate and the price of gold. The research is based on the study by Dowling (2022a), which sought to analyze relations between the prices of NFTs and cryptocurrencies. The results found coincide with the prices of NFTs that are similar and independent of cryptocurrencies, the interest rate and the price of gold, some specific differences to identify a determined period.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"141 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74938375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0