scholarly journals INTERNATIONAL EVIDENCE OF COVID-19 AND STOCK MARKET RETURNS: AN EVENT STUDY ANALYSIS

2020 ◽  
Vol 10 (4) ◽  
pp. 34-38
Author(s):  
Ahmad Bash
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Study Analysis ◽  
Market Returns ◽  
Stock Market Returns ◽  
International Evidence

scholarly journals The Impact of China-Pak Economic Corridor (CPEC) on Pakistan Stock Exchange (PSX)

2020 ◽  
Vol 6 (4) ◽  
pp. 1307-1317
Author(s):  
Muhammad Mudasar Ghafoor ◽  
Zahid Hussain ◽  
Muhammad Yasir Saeed
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Event Study ◽  
Design Methodology ◽  
Stock Exchange ◽  
Chinese Economy ◽  
Market Returns ◽  
Stock Market Returns ◽  
The Impact ◽  
Positive Effect

Purpose: The study aims to find out the impact of CPEC project on volatility and growth of Pakistan stock exchange PSX-100. The CPEC is a significant subset and southern corridor of (SREB) which consists of three economic corridors (Rana, 2015). The investment in CPEC projects not only accelerates Pakistan and Chinese economy but also anticipated to have significant effects on Pakistan stock exchange PSX. Design/Methodology/Approach: The methodology of event study proposed by Bremer and Sweeney (1991). The methodology of Cox and Peterson (1994) used to identify the effects of events related to CPEC projects and stock market returns. Findings: The results indicated that the volatility of PSX-100 has low in post CPEC as compared to pre CPEC era showing a positive effect of CPEC on PSX in the form of stable PSX 100 returns in post CPEC announcement era. Implications/Originality/Value: The results of this empirical study provide important implications to overseas investors, corporations and regulators.

scholarly journals THE IMPACT OF UNANTICIPATED POLITICAL EVENTS ON STOCKS MARKET RETURNS: EMPIRICAL EVIDENCES FROM SAUDI ARABIA

2019 ◽  
Vol 4 (2) ◽  
pp. 659
Author(s):  
Mohamed Zakaria Fodol ◽  
Hassanuddeen Bin Abdul Aziz
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Abnormal Returns ◽  
Efficient Market Hypothesis ◽  
Market Returns ◽  
Political Event ◽  
Stock Market Returns ◽  
Political Events ◽  
Study Methodology ◽  
Event Study Methodology

Abstract:This study aims to identify the effect of unexpected political-events on Saudi stock market returns based on the efficient market hypothesis (EMH) assumptions.� The disappearance of the Saudi journalist Jamal Khashoggi in Turkey is the political event has been determined in this study.� The data collected from ten companies traded in the Saudi stock market which accounted for more than 62 percent of the total market capitalization. However, this paper applied the Event Study Methodology. The results showed that the Saudi stock market initially reacted to the event and tried to absorb the information received but could not correct itself in most of the window event period. It seems that the market did not get the relevant news quickly or clearly. So, the information that flow among traders was not readily available for the investors at the same level and time. Ultimately, the Saudi stock market is described as a weak-form market (inefficient).Keywords: Unanticipated political events, the stock market, expected returns, abnormal returns, cumulative returns, event study methodologyAbstract: This study aims to identify the effect of unexpected political-events on Saudi stock market returns based on the efficient market hypothesis (EMH) assumptions.� The disappearance of the Saudi journalist Jamal Khashoggi in Turkey is the political event has been determined in this study.� The data collected from ten companies traded in the Saudi stock market which accounted for more than 62 percent of the total market capitalization. However, this paper applied the Event Study Methodology. The results showed that the Saudi stock market initially reacted to the event and tried to absorb the information received but could not correct itself in most of the window event period. It seems that the market did not get the relevant news quickly or clearly. So, the information that flow among traders was not readily available for the investors at the same level and time. Ultimately, the Saudi stock market is described as a weak-form market (inefficient).Keywords: Unanticipated political events, the stock market, expected returns, abnormal returns, cumulative returns, event study methodology.

Relationship between Foreign Portfolio Investments (FPI), Domestic Institutional Investors, and Stock Market Returns in India

GIS Business ◽  
2017 ◽  
Vol 12 (6) ◽  
pp. 1-9
Author(s):  
Dhananjaya Kadanda ◽  
Krishna Raj
Keyword(s):  
Stock Market ◽  
Institutional Investors ◽  
Negative Relationship ◽  
Trading Strategies ◽  
Market Returns ◽  
Stock Market Returns ◽  
Foreign Portfolio Investment ◽  
Stock Market Return ◽  
Indian Stock Market ◽  
Feedback Trading

The present article attempts to understand the relationship between foreign portfolio investment (FPI), domestic institutional investors (DIIs), and stock market returns in India using high frequency data. The study analyses the trading strategies of FPIs, DIIs and its impact on the stock market return. We found that the trading strategies of FIIs and DIIs differ in Indian stock market. While FIIs follow positive feedback trading strategy, DIIs pursue the strategy of negative feedback trading which was more pronounced during the crisis. Further, there is negative relationship between FPI flows and DII flows. The results indicate the importance of developing strong domestic institutional investors to counteract the destabilising nature FIIs, particularly during turbulent times.

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