scholarly journals The Role of Economic Uncertainty in UK Stock Returns

2019 ◽  
Author(s):  
Jun Gao ◽  
Sheng Zhu ◽  
Niall O'Sullivan ◽  
Meadhbh Sherman
Keyword(s):  
Stock Returns ◽  
Economic Uncertainty

scholarly journals The Role of Economic Uncertainty in UK Stock Returns

2019 ◽  
Vol 12 (1) ◽  
pp. 5 ◽  
Author(s):  
Jun Gao ◽  
Sheng Zhu ◽  
Niall O’Sullivan ◽  
Meadhbh Sherman
Keyword(s):  
Economic Policy ◽  
Stock Returns ◽  
Economic Activity ◽  
Policy Uncertainty ◽  
Economic Uncertainty ◽  
Economic Policy Uncertainty ◽  
Macroeconomic Uncertainty ◽  
Uncertainty Indices ◽  
The Uk

We investigated the role of domestic and international economic uncertainty in the cross-sectional pricing of UK stocks. We considered a broad range of financial market variables in measuring financial conditions to obtain a better estimate of macroeconomic uncertainty compared to previous literature. In contrast to many earlier studies using conventional principal component analysis to estimate economic uncertainty, we constructed new economic activity and inflation uncertainty indices for the UK using a time-varying parameter factor-augmented vector autoregressive (TVP-FAVAR) model. We then estimated stock sensitivity to a range of macroeconomic uncertainty indices and economic policy uncertainty indices. The evidence suggests that economic activity uncertainty and UK economic policy uncertainty have power in explaining the cross-section of UK stock returns, while UK inflation, EU economic policy and US economic policy uncertainty factors are not priced in stock returns for the UK.

Is Economic Uncertainty Priced in the Cross-Section of Stock Returns?

CFA Digest ◽  
2018 ◽  
Vol 48 (4) ◽  
Author(s):  
Clifford S. Ang
Keyword(s):  
Stock Returns ◽  
Cross Section ◽  
Economic Uncertainty ◽  
The Cross

The role of corporate investment in social responsible practices in the promotion of employees’ organizational citizenship behaviour

2014 ◽  
Author(s):  
Ana Patrícia Duarte ◽  
José Gonçalves das Neves
Keyword(s):  
Job Satisfaction ◽  
Organizational Citizenship ◽  
Economic Uncertainty ◽  
Socially Responsible ◽  
Organizational Survival ◽  
Current Scenario ◽  
Reducing Costs ◽  
Using Data ◽  
Airline Company

In the current scenario of economic uncertainty, where many organizations struggle harder for reducing costs while improving their competitiveness, employees’ organizational citizenship behaviours might have an enhanced importance for organizational survival and success. A model proposing that corporate engagement in internal socially responsible practices enhances employees’ job satisfaction and consequently increases employees’ extra-role behaviours was tested. Using data obtained from a sample of employees from an airline company (n=133), the model was examined and supported. We have therefore concluded that organizations may foster employees’ extra-role behaviours by investing in corporate socially responsible practices that signal corporate concern with employees and promote job satisfaction.

The Role of a Latent Value-Relevant Measure in Tracking and Predicting Stock Returns: A FAVAR Approach

2020 ◽  
Author(s):  
Faisal M. Awwal ◽  
Xiaoquan Jiang
Keyword(s):  
Stock Returns

scholarly journals French Firms and COVID-19: Do the Debt Status, Crisis Management System, and Monetary Policy Play a Role?

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Mina Sami
Keyword(s):  
Monetary Policy ◽  
Stock Returns ◽  
Crisis Management ◽  
Management System ◽  
Daily Growth ◽  
Listed Firms ◽  
Study Results ◽  
Major Outbreak

Abstract This study has two main objectives: first, it assesses the effect of outbreak pandemic diseases on the French firms’ stock returns by considering the sector of activity as the main center of analysis. Second, it investigates the role of the crisis management system, firm debt strategy, and monetary policy in dealing with the adverse shocks of the major outbreak of the COVID-19. The study results can be summarized as follows: (1) the daily growth in COVID-19 cases and deaths are associated with lower stock returns of the listed firms, especially for the firms operating in the energy, industrial and health care sectors. In contrast, telecommunication and consumer sectors are not significantly affected. (2) The pandemic’s adverse effect is much more tolerant with the French firms with an efficient crisis management system and low long-term debt commitments than the firms that do not have such a system and engaged with long term debts. (3) Euribor rates and monetary policy are still playing an essential role during the pandemic period.

scholarly journals Bayesian analysis of time-varying interactions between stock returns and foreign equity flows

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Boubekeur Baba ◽  
Güven Sevil
Keyword(s):  
Stock Returns ◽  
Negative Feedback ◽  
Positive Feedback ◽  
Positive Response ◽  
Time Varying ◽  
Economic Uncertainty ◽  
Foreign Investors ◽  
New Findings ◽  
Net Flows ◽  
Feedback Trading

AbstractThis study discusses the trading behavior of foreign investors with respect to economic uncertainty in the South Korean stock market from a time-varying perspective. We employ a news-based measure of economic uncertainty along with the model of time-varying parameter vector autoregression with stochastic volatility. The empirical analysis reveals several new findings about foreign investors’ trading behaviors. First, we find evidence that positive feedback trading often appears during periods of high economic uncertainty, whereas negative feedback trading is exclusively observable during periods of low economic uncertainty. Second, the foreign investors’ feedback trading appears mostly to be well-timed and often leads the time-varying economic uncertainty except in periods of global crises. Third, lagged negative (positive) response of net flows to economic uncertainty is found to be coupled with lagged positive (negative) feedback trading. Fourth, the study documents an asymmetric response of foreign investors with regard to negative and positive shocks of economic uncertainty. Specifically, we find that they instantly turn to positive feedback trading after a negative contemporaneous response of net flows to shocks of economic uncertainty. In contrast, they move slowly toward negative feedback trading after a positive response of net flows to uncertainty shocks.

scholarly journals Economic uncertainty, oil prices, hedging and U.S. stock returns of the airline industry

2021 ◽  
Vol 57 ◽  
pp. 101388
Author(s):  
Wensheng Kang ◽  
Fernando Perez de Gracia ◽  
Ronald A. Ratti
Keyword(s):  
Stock Returns ◽  
Airline Industry ◽  
Oil Prices ◽  
Economic Uncertainty

scholarly journals THE PROBLEM OF SOCIAL AND ECONOMIC LIFE OF THE REFORMED HOUSE MANAGEMENT IN THE WORKS OF A.N. ENGELGARDT AS A TOOL FOR SOLUTIONS UNDER THE CONDITIONS OF ECONOMIC UNCERTAINTY

InterConf ◽  
2021 ◽  
pp. 131-148
Author(s):  
Lilia Sargu ◽  
Yulia Valeeva
Keyword(s):  
Historical Development ◽  
Economic Life ◽  
Economic Uncertainty ◽  
Modern Agriculture ◽  
Local Residents ◽  
Definition Of ◽  
Xix Century ◽  
The 19Th Century ◽  
The Village

Within the framework of the article, a study was conducted on the problem of the socio-economic life of the post-reform landowner economy in the works of A. N. Engelhardt. It was established how much the population is aware of the specifics of the historical development of post-reform Russia, what is the significance of the contribution of A. N. Engelhardt to the development of the village, in particular, the landlord economy, how strong, in the opinion of local residents, is the role of the memorial source «Letters from the Village» in modern agronomy how they see the concept of «mining» in modern realities, is their definition similar to the definition of the second half of the 19th century. Within the framework of the article, a study was conducted on the problem of socio-economic life of the post-reform landlord economy in the works of A. N. Engelhardt. It was established how much the population is aware of the specifics of the historical development of post-reform Russia, what is the significance of AN’s contribution. Engelhardt in the development of the village, in particular, the landlord economy, as, according to local residents, a strong role of the source memoir «Letters from village» in modern agriculture, as they see the concept of «practicing» in the current situation, is similar whether their definition with the definition of second half of the XIX century.

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