scholarly journals Do Asset Prices in Transition Countries Contain Information about Future Economic Activity?

Author(s):  
Peter F. Christoffersen ◽  
Torsten Mikkel Sløk



2000 ◽  
Vol 00 (103) ◽  
pp. 1 ◽  
Author(s):  
Torsten Sløk ◽  
Peter F. Christoffersen ◽  
◽  


2001 ◽  
Vol 48 (2) ◽  
pp. 415-436 ◽  
Author(s):  
Nan-Kuang Chen


Author(s):  
Carissa L. Tudor ◽  
Clara Vega

This chapter provides an overview of studies in finance and economics that use automated textual analysis algorithms to analyze the informational content of a wide variety of texts, including journalist’s coverage of news events, management-issued statements, and Internet stock message boards. In these studies, researchers quantify qualitative information with one or more of the following textual tone variables: textual negativity, positivity, and uncertainty. The studies show that textual negativity and positivity conveyed by managers and journalists helps predict future firm level and aggregate economic activity. Textual negativity and positivity, in turn, affect asset prices, although the information is sometimes incorporated with some delay. Textual uncertainty of management-issued information is associated with future cash flow volatility and asset price volatility. In contrast, the textual tone of stock market message board postings is, on average, not very informative in explaining asset prices. The use of automated textual analysis algorithms in finance and economics is a relatively new phenomenon and research in this area is expected to continue to grow.



2003 ◽  
pp. 114-122
Author(s):  
N. Vishnevskaya

The article considers the evolution of the employment protection legislation in the context of economic policy in industrial and transition countries. The author analyses the main elements of this legislation and the experience of labour reforms, the influence of labour legislation on the parameters of the labour market: employment, unemployment, economic activity.



2012 ◽  
Vol 4 (1) ◽  
pp. 361-384 ◽  
Author(s):  
Leonid Kogan ◽  
Dimitris Papanikolaou


Author(s):  
Jeffery (Jinfan) Chang ◽  
Huancheng Du ◽  
Dong Lou ◽  
Christopher Polk


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