Research in International Business and Finance, Год журнала: 2024, Номер 74, С. 102698 - 102698
Опубликована: Дек. 3, 2024
Язык: Английский
Qualitative Research in Financial Markets, Год журнала: 2025, Номер unknown
Опубликована: Фев. 18, 2025
Purpose This study aims to systematically review the literature on how various factors influence investor sentiment and affect financial markets. also sought present an overview of explored contexts research foci, identifying gaps in setting agenda for future research. Design/methodology/approach The systematic investigation yielded 555 journal articles, with few other exceptional inclusions. data have been extracted from two databases, i.e. Scopus Web Science. For bibliometric analysis, VOSviewer Biblioshiny by R used. period is 1985 July 2023. Findings helped us identify influencing has broadly classified these into categories: rational irrational. Rational include – economics monetary policy, exchange rate, interest rates, inflation, government mandatory regulations, earning announcements, stock-split, dividend decisions, audit quality, environmental, social governance aspects ratings. Irrational behavioural psychological factors, media online talk, news entertainment, geopolitical war events, calendar anomalies, natural disasters, religious events festivals, irrationality caused due government/supervisory body corporate events. Using this developed model. In addition, identified trends, methodology, techniques used researchers. Originality/value comprehensively explains stock market using It further proposes extensive agenda. implications participants.
Язык: Английский
Процитировано
2
Research in International Business and Finance, Год журнала: 2024, Номер 71, С. 102475 - 102475
Опубликована: Июль 2, 2024
Amid increasing demands for green economic growth, firms must adapt their business models and development strategies. However, most of the studies on this topic focus examining consequences differences in firms' environmental, social, governance (ESG) ratings ignore external influences that lead to information environments. This paper explores impact capital market openness firm ESG rating divergence conducts a related mechanism analysis. It is found creates an environment concern effect generated by analysts' concerns, audit quality, investors' which turn exacerbates divergence. A moderating test shows pressure created government public concerns regarding ecological generates performance effectively decreases caused effect.
Язык: Английский
Процитировано
9
Research in International Business and Finance, Год журнала: 2025, Номер unknown, С. 102872 - 102872
Опубликована: Март 1, 2025
Язык: Английский
Процитировано
1
Energy Economics, Год журнала: 2025, Номер unknown, С. 108407 - 108407
Опубликована: Март 1, 2025
Язык: Английский
Процитировано
1
Research in International Business and Finance, Год журнала: 2024, Номер unknown, С. 102715 - 102715
Опубликована: Дек. 1, 2024
Язык: Английский
Процитировано
6
Business Strategy and the Environment, Год журнала: 2024, Номер unknown
Опубликована: Сен. 17, 2024
Abstract With a sample of 679 listed firms, integrating the event study method and cross‐sectional analysis, we examine stock market reaction to mandatory sustainability reporting regulation in India. We find that (1) on average, investors react positively such announcements; (2) impact varies across different sectors; (3) affected unaffected firms do not posit significant differences; (4) carbon‐intensive are impacted; (5) high environmental, social, governance (ESG) performance is negatively associated with event‐induced cumulative abnormal returns (CAR). One standard deviation change ESG leads −0.77%, −0.45%, −0.61% changes [+1,+5], [−5,+5], [−7,+7] CAR, respectively. The findings align value relevance idea reputational risk theory but contradict reservoir goodwill hypothesis.
Язык: Английский
Процитировано
5
International Review of Financial Analysis, Год журнала: 2024, Номер unknown, С. 103889 - 103889
Опубликована: Дек. 1, 2024
Язык: Английский
Процитировано
4
Managerial and Decision Economics, Год журнала: 2025, Номер unknown
Опубликована: Фев. 14, 2025
ABSTRACT Considering the market's different opinions on ESG, this study examines market reaction to corporate governance reform within context of ESG disclosure. By employing event methodology, it is demonstrated that Chinese exhibited an adverse announcement reform. Furthermore, uses ordinary least squares (OLS) model demonstrate performance has a negative impact cumulative abnormal return. It finds had views about The findings have significant implications for understanding investor behavior and ESG‐related policies in emerging markets.
Язык: Английский
Процитировано
0
Review of Financial Economics, Год журнала: 2025, Номер unknown
Опубликована: Апрель 15, 2025
Abstract The rising popularity of index‐replicating Exchange Traded Funds (ETFs) reflects the broader shift toward passive investing. However, DAX 40 index incorporates an active component through inclusions and deletions, which affect investor returns. While short‐term “index inclusion effect” around announcement dates is well‐documented, we focus on long‐term post‐rebalancing dynamics. We show that newly included stocks between 2010 2023 outperformed by average 33.2% during 12 months before but underperformed 36.1% over subsequent 24 months. This mean reversion can be leveraged via a market‐neutral strategy shorts date pairs this with long ETF position. Maintaining short for 18 generates statistically significant alpha relative to Fama–French six‐factor asset pricing model, even after accounting transaction costs. Our study reveals hidden performance drag in index, important implications investors index.
Язык: Английский
Процитировано
0
Finance research letters, Год журнала: 2024, Номер 70, С. 106302 - 106302
Опубликована: Окт. 12, 2024
Язык: Английский
Процитировано
3