scholarly journals Board changes and the efficiency of the Nigerian stock market

2007 ◽  
Vol 3 (2) ◽  
pp. 7-23
Author(s):  
Olatundun Adelegan
Keyword(s):  
Stock Market ◽  
Wealth Effect ◽  
Wealth Effects ◽  
Management Board ◽  
Total Wealth

This study provides some evidence on shareholders wealth effects of management board changes in Nigeria from 1997 to 2005. The study presents the total wealth effect and also distinguishes the wealth effects of announcements of new appointments, board resignations and retirements, death and mixed announcements.

Wealth Effects Of Housing Market And Stock Market On Outbound Tourism In Singapore

2020 ◽  
Author(s):  
Chew Ging Lee
Keyword(s):  
Stock Market ◽  
Public Housing ◽  
Strong Evidence ◽  
Information Criterion ◽  
Wealth Effect ◽  
Wealth Effects ◽  
Housing Wealth ◽  
Weak Evidence ◽  
Housing Wealth Effect ◽  
The Government

This research note investigates the effects of stock market wealth and housing wealth on the demand for international tourism by the residents of Singapore while controlling for other important determinants for outbound tourism. The empirical results suggest that there are weak evidence to support the presence of stock market wealth effect and strong evidence to support the presence of housing wealth effect on outbound tourism. Weak evidence of stock market wealth effect is observed because the model derived from Akaike Information Criterion does not find significant effect of stock market wealth, but the model derived from Schwartz Criterion shows that positive stock market wealth effect is present. Strong evidence of housing wealth effect is observed because models estimated with both criteria show that housing wealth has negative effect on such consumption. The conclusion explains why the importance of public housing and the government intervention in public housing in Singapore lead to such negative housing wealth effect.

scholarly journals A Comparative Analysis on the Wealth Effect between in the Stock Market and in the Housing Market in China

2017 ◽  
Vol 9 (11) ◽  
pp. 118
Author(s):  
Lin Liu ◽  
Kai Shi
Keyword(s):  
Stock Market ◽  
Housing Market ◽  
Housing Price ◽  
Wealth Effect ◽  
Wealth Effects ◽  
Chinese Stock Market ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
The Status ◽  
Lag Model

In this article, a threshold cointegration test within the framework of Autoregressive Distributed Lag model suggested by Li and Lee (2010) was employed to quantify the wealth effects in Chinese stock market and domestic housing market. The time-varying features of wealth effects in these two markets were investigated through rolling regression test. The empirical results show that the substitute effect exists in the status of strong market while the wealth effect exists in the status of weak market. It is noteworthy that the wealth effect in the stock market shows an increasing trend while the wealth effect in the housing market reveals a stable trend. The policy implication is that the authority should properly strengthen the regulation in the stock market and curb the rise of housing price when the markets are in the strong status while should increase the disposable income for residents if the markets are in the weak status.

scholarly journals The Wealth Effect Of The Stock Market Revisited

2011 ◽  
Vol 18 (2) ◽  
Author(s):  
Hassan Shirvani ◽  
Barry Wilbratte
Keyword(s):  
Stock Market ◽  
Wealth Effect ◽  
Title Page ◽  
Stock Ownership ◽  
Consumption Function ◽  
Consumption Coefficient ◽  
The Relationship

<div class="page" title="Page 1"><div class="layoutArea"><div class="column"><p><span>This paper provides evidence that wealth in the form of stock ownership affects consumption and that the stock wealth effect has increased significantly. Using a consumption function expanded to include wealth as well as income, the paper first confirms that the data indicate the presence of a wealth effect. Then, the paper tests for a break in the relationship and finds that for stock wealth only, the consumption coefficient increased in the early 1990s.  </span></p></div></div></div>

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