Exploring the Labor Market Consequences of Psychiatric Disorders: An Event Study Approach

2021 ◽  
Author(s):  
Henri Salokangas
Keyword(s):  
Labor Market ◽  
Psychiatric Disorders ◽  
Event Study ◽  
Study Approach ◽  
Market Consequences

scholarly journals Is ESG Relevant to Electricity Companies during Pandemics? A Case Study on European Firms during COVID-19

2022 ◽  
Vol 14 (2) ◽  
pp. 852
Author(s):  
Florin Teodor Boldeanu ◽  
José Antonio Clemente-Almendros ◽  
Ileana Tache ◽  
Luis Alberto Seguí-Amortegui
Keyword(s):  
Event Study ◽  
Stock Prices ◽  
Initial Phase ◽  
Negative Impact ◽  
Abnormal Returns ◽  
Negative Influence ◽  
Electricity Sector ◽  
Renewable Electricity ◽  
Study Approach

The electricity sector was negatively impacted by the coronavirus disease (COVID-19), with considerable declines in consumption in the initial phase. Investors were in turmoil, and stock prices for these companies plummeted. The aim of this paper is to demonstrate the significant negative influence of the pandemic on abnormal returns for the electricity sector, specifically for traditional and renewable companies and the influence of ESG scores, using the event study approach and multi-variate regressions. Our results show that the pandemic indeed had a negative impact on the electricity sector, with renewable electricity companies suffering a sharper decline than traditional ones. Moreover, we find that ESG pillar scores affected electricity companies differently and are sector-specific. For renewable electricity companies, the returns were positively influenced by the environmental ESG scores and negatively by governance ESG scores.

scholarly journals Profiting on the Stock Market in Pandemic Times: Study of COVID-19 Effects on CESEE Stock Markets

Mathematics ◽  
2021 ◽  
Vol 9 (17) ◽  
pp. 2077
Author(s):  
Tihana Škrinjarić
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Stock Markets ◽  
Trading Strategies ◽  
Eastern European ◽  
Negative Effects ◽  
Market Reactions ◽  
Study Approach ◽  
Study Methodology ◽  
Stock Market Reactions

This research deals with stock market reactions of Central Eastern and South Eastern European (CESEE) markets to the COVID-19 pandemic, via the event study methodology approach. Since the stock markets react quickly to certain announcements, the used methodology is appropriate to evaluate how the aforementioned markets reacted to certain events. The purpose of this research was to evaluate possibilities of obtaining profits on the stock markets during great turbulences, when a majority of the participants panic. More specifically, the contrarian trading strategies are observed if they can obtain gains, although a majority of the markets suffer great losses during pandemic shocks. The contributions to the existing literature of this research are as follows. Firstly, empirical research on CESEE stock markets regarding other relevant topics is still scarce and should be explored more. Secondly, the event study approach of COVID-19 effects utilized in this study has (to the knowledge of the author) not yet been explored on the aforementioned markets. Thirdly, based on the results of CESEE market reactions to specific announcements regarding COVID-19, a simulation of simple trading strategies will be made in order to estimate whether some investors could have profited in certain periods. The results of the study indicate promising results in terms of exploiting other investors’ panicking during the greatest decline of stock market indices. Namely, the initial results, as expected, indicate strong negative effects of specific COVID-19 announcements on the selected stock markets. Secondly, the obtained information was shown to be useful for contrarian strategy in order to exploit great dips in the stock market indices values.

Labor market consequences of accounting fraud

2010 ◽  
Vol 10 (3) ◽  
pp. 321-333 ◽  
Author(s):  
Chun‐Keung Hoi ◽  
Ashok Robin
Keyword(s):  
Labor Market ◽  
Accounting Fraud ◽  
Market Consequences

scholarly journals Schooling and Labor Market Consequences of the 1970 State Abortion Reforms

10.3386/w5406 ◽  
1996 ◽  
Author(s):  
Joshua Angrist ◽  
William Evans
Keyword(s):  
Labor Market ◽  
Market Consequences

scholarly journals The impacts of COVID-19 on the global airline industry: An event study approach

2020 ◽  
Vol 89 ◽  
pp. 101920 ◽  
Author(s):  
Sakkakom Maneenop ◽  
Suntichai Kotcharin
Keyword(s):  
Event Study ◽  
Airline Industry ◽  
Study Approach

scholarly journals The Effect of Dividend Initiation on Short-run Return in Indonesia: An Event Study with Propensity Score Matching Approach

2016 ◽  
Vol 11 (12) ◽  
pp. 207
Author(s):  
Bambang Sugeng
Keyword(s):  
Propensity Score ◽  
Propensity Score Matching ◽  
Event Study ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Traditional Approach ◽  
Abnormal Returns ◽  
Listed Firms ◽  
Study Approach ◽  
Short Run

<p>Dividend initiation policy offers a relatively unique practical and conceptual characteristics compared to those of regular dividend. This study aims at investigating whether initial dividend policy of Indonesian firms affects short-run stock return, while further exploring the implementation of a new event study approach, <em>propensity score matching</em>, as an experimental-like design. This approach is based on actual rather than estimated abnormal return commonly used in traditional approach. Applying this new approach, this study found no significant abnormal returns around dividend initiation announcement by firms listed in Indonesia Stock Exchange. The findings imply that the dividend initiation behavior of Indonesian firms is proved not fully to follow the theoretical framework of signaling model, a dividend model which is basically developed primarily based on regular dividend behavior. The results partly contradict those findings mostly resulted from researchs conducted in advanced market context but seem to support contextuality argument of dividend policy. From methodological perspective, this study identified that the use of propensity score matching approach needs a large number of firms from which control firms are selected, accordingly the study conducted in market with limited number of listed firms such as in Indonesia could generates selection problem of control firms that optimally match treated firms.</p>

Labor Market Consequences of State Health Insurance Regulation

ILR Review ◽  
2002 ◽  
Vol 56 (1) ◽  
pp. 136 ◽  
Author(s):  
Robert Kaestner ◽  
Kosali Ilayperuma Simon
Keyword(s):  
Labor Market ◽  
Health Insurance ◽  
Insurance Regulation ◽  
State Health ◽  
State Health Insurance ◽  
Market Consequences
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