企业盈利公告与经济活动

IF 1.5 3区经济学 Q2 ECONOMICS

International Economic Review Pub Date : 2024-03-18 DOI:10.1111/iere.12701

Mirela S. Miescu, Haroon Mumtaz

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引用次数: 0

摘要

企业盈利（CE）公告对经济活动重要吗？我们采用了一种新颖的识别方法来解决这个问题，该方法将企业盈利公告中的宝贵信息与这些特定日子所受冲击的异方差性结合起来。我们的研究结果表明，CE 公告对宏观经济有重大影响，其动态表现与传统的金融干扰类似。我们认为，行政长官公告的冲击可以归类为金融冲击，从而突出了其在金融体系中的关键作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY

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CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY

Are corporate earnings (CE) announcements important for economic activity? We address this question using a novel identification method that combines the valuable information from CE announcements with the heteroscedasticity of shocks experienced on these particular days. Our results demonstrate that CE announcements have a significant impact on the macroeconomy, exhibiting dynamics similar to traditional financial disruptions. We establish that CE announcements' shocks can be classified as financial shocks, highlighting their critical role in the financial system.

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来源期刊

International Economic Review ECONOMICS-

CiteScore

2.60

自引率

0.00%

发文量

期刊介绍： The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.