Asia-Pacific Financial Markets最新文献_第4页

Does Governance Quality Impact Stock Market Development? An Insight of BRICS Economies 治理质量影响股市发展吗？对金砖国家经济的洞察

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-05-11 DOI: 10.1007/s10690-024-09462-x

Anam Khan, Renu Verma, Miklesh Prasad Yadav, Narain

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引用次数: 0

Impact of Global and Domestic Factors on Indian Government Bond Yields 全球和国内因素对印度政府债券收益率的影响

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-05-04 DOI: 10.1007/s10690-024-09459-6

Shivam Sehgal, Jaspal Singh

{"title":"Impact of Global and Domestic Factors on Indian Government Bond Yields","authors":"Shivam Sehgal, Jaspal Singh","doi":"10.1007/s10690-024-09459-6","DOIUrl":"https://doi.org/10.1007/s10690-024-09459-6","url":null,"abstract":"<p>The article aims to empirically examine the determinants of the 10-, 7-, and 5-year Indian government bond yields over the study period of 1999–2021. For this purpose, three equations were modeled using various independent variables to account for relevant global and domestic drivers. The results were estimated using the ARDL model to identify the long and short-run determinants of the bond yields. The findings demonstrate differences between domestic and global factors' long- and short-term effects across various bond maturities. The long-run drivers of Indian government bond yields include short-term interest rates, economic policy uncertainty, foreign exchange reserves, GDP growth rate, VIX, and oil prices. However, in the short run, all the domestic and global variables affected the bond yields, including external debt, inflation, and general government debt, which did not impact the yields in the long run. These findings have substantial policy implications for the central bank and government in formulating appropriate monetary and fiscal policy mixes while considering global risk scenarios and also for the international and domestic investors for better portfolio allocation.</p>","PeriodicalId":54095,"journal":{"name":"Asia-Pacific Financial Markets","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140926832","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

From Fields to Futures: Connectedness Among Edible Oil and Oilseeds- Where Soybean Leads, Others Follow 从田间到期货：食用油和油籽之间的联系--大豆领先，其他品种跟进

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-05-02 DOI: 10.1007/s10690-024-09458-7

Nilotpal Sarma, Priyanshu Tiwari, Prabina Rajib

引用次数: 0

Co Movement of Stock Market of BRICS with G7 Stock Market 金砖五国股市与七国集团股市的共同走势

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-04-24 DOI: 10.1007/s10690-024-09455-w

Sukhmani Kaur, Shalini Aggarwal, Vikas Arora

引用次数: 0

A Fuzzy Jump-Diffusion Option Pricing Model Based on the Merton Formula 基于默顿公式的模糊跳跃-扩散期权定价模型

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-04-24 DOI: 10.1007/s10690-024-09456-9

S. Mandal, Sujoy Bhattacharya

引用次数: 0

Economic Policy Uncertainty and Volatility Spillovers Among International Stock Market Indices During the COVID-19 Outbreak COVID-19 爆发期间经济政策的不确定性与国际股市指数的波动溢出效应

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-04-12 DOI: 10.1007/s10690-024-09452-z

Fei Su, Feifan Wang, Yahua Xu

{"title":"Economic Policy Uncertainty and Volatility Spillovers Among International Stock Market Indices During the COVID-19 Outbreak","authors":"Fei Su, Feifan Wang, Yahua Xu","doi":"10.1007/s10690-024-09452-z","DOIUrl":"https://doi.org/10.1007/s10690-024-09452-z","url":null,"abstract":"<p>Using a sample of 16 international stock market indices spanning the period of January 2015 to June 2022, we examine how global equity markets interact with respect to volatility spillover, with a special focus on types of investment horizons, and how the connectedness structure evolves during the COVID-19 outbreak. Empirical results suggest that there is strong evidence of volatility spillovers among global stock markets, and the COVID-19 pandemic further strengthens such volatility spillovers. However, the structure of the frequency connectedness changes gradually when compared to the full sample period. We further investigate if economic policy uncertainty (EPU) affects volatility spillovers among global stock markets. The results suggest that EPU significantly affects the connectedness among global stock markets, particularly during the COVID-19 pandemic period. Overall, the findings suggest that volatility spillovers across international stock markets vary with time horizons and market conditions, which contributes to the academic literature on modelling global volatility spillovers. Practically, the findings of the study contribute to investors and policymakers in adjusting trading strategies and monitoring market risks.</p>","PeriodicalId":54095,"journal":{"name":"Asia-Pacific Financial Markets","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140574027","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

ESG Disagreement and Stock Price Crash Risk: Evidence from China 环境、社会和治理分歧与股价暴跌风险：来自中国的证据

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-03-30 DOI: 10.1007/s10690-024-09453-y

Minghua Dong, Miaomiao Li, Hongxia Wang, Yuanyuan Pang

引用次数: 0

External Governance Oversight and the IPO Process: Empirical Evidence from China 外部治理监督与 IPO 进程：来自中国的经验证据

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-03-29 DOI: 10.1007/s10690-024-09451-0

Lewis Liu

引用次数: 0

The Indirect Diversification Benefits of Investing in Japanese Firms: An Alternative Perspective 投资日本公司的间接多元化收益：另一种视角

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-03-18 DOI: 10.1007/s10690-024-09448-9

{"title":"The Indirect Diversification Benefits of Investing in Japanese Firms: An Alternative Perspective","authors":"","doi":"10.1007/s10690-024-09448-9","DOIUrl":"https://doi.org/10.1007/s10690-024-09448-9","url":null,"abstract":"<h3>Abstract</h3> <p>This paper examines the role of firm-level multinationality in equity portfolio diversification for Japanese firms from 1998 to 2015. We use a unique multinationality dataset for constituents of the Nikkei 225 based on two measures of sales and subsidiaries. We employ an extended version of the traditional Capital Asset Pricing Model (CAPM) to analyse the exposure of firm returns to various geographical regions. There is evidence that firms are not influenced by the geographic regions where they report operations. The results also indicate that there are benefits from investing in Japanese multinationals but these benefits do not increase with increasing multinationality. A new category of firms is identified that may be beneficial to investors—firms that are influenced by a geographical region where they do not report sales or subsidiaries. This finding has far reaching implications for portfolio management. Investors must do more than analyse the international location of firm operations. They must analyse the geographical influences on firm returns. Existing studies fail to distinguish between these two criteria, assuming them to be the same. We find evidence to the contrary.</p>","PeriodicalId":54095,"journal":{"name":"Asia-Pacific Financial Markets","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140153290","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

Assessing the Impact of Policy Uncertainty, Geopolitical Risk, and Sustainable Disclosure on Corporate Performance 评估政策不确定性、地缘政治风险和可持续信息披露对公司业绩的影响

IF 1.7

Asia-Pacific Financial Markets Pub Date : 2024-03-14 DOI: 10.1007/s10690-024-09450-1

Siddhartha Barman, Jitendra Mahakud

引用次数: 0