Stock liquidity.We examine the relationship between economic policy uncertainty, information disclosure and stock liquidity using a large sample of Chinese firms. We first estadoi:10.2139/ssrn.3939622Wang, FengrongMbanyele, WilliamMuchenje, Linda...
First, our finding underlines the “real” cost of climate policy uncertainty to firms and the economy. Dietz et al. (2016) estimate that the value-at-risk of global financial assets attributable to climate change to be $2.5 trillion. In a similar vein, our study shows that if a stock ...
(2022). Economic policy uncertainty and stock liquidity: The mitigating effect of information disclosure. Research in International Business and Finance, 59, 101553. Google Scholar Wiesemann, W., Kuhn, D., & Rustem, B. (2010). Maximizing the net present value of a project under uncertainty....
policy, thus delay- ing investment (Bloom et al., 2007). Although economic policy uncertainty is not the leading cause of China's economic volatility, it can impact the consumer market and reduce residential demand, thus having a significant impact on China's financial markets, foreign trade, ...
— a nerve-jangling twilight zone where the US stock market convulses over every White House utterance. The Trump Administration’s early focus on tariff policy has ushered in a heightened state of uncertainty, as the market attempts to handicap politics’ impact on US inflation and economic ...
13, NO. 1, 2460078 https://doi.org/10.1080/23322039.2025.2460078 GENERAL & APPLIED ECONOMICS | RESEARCH ARTICLE Trade policy uncertainty and corporate financialization: strategic implications for non-financial firms in China Mingyao Wanga , Normaziah Mohd Nora , Norhuda Abdul Rahima, Faisal Khanb ...
Gentzkow, Kelly, and Taddy (2018) offer an excellent survey of research in this area. Here, we mention a few papers that are closest to ours. Baker, Bloom and Davis (2016) construct newspaper-based indices of economic policy uncertainty. They find that stock price volatility reacts more ...
We estimate a vector autoregression (VAR) with M&A activity, the BBD policy uncertainty index, and macroeconomic controls including proxies for mispricing, market liquidity, and implied stock market volatility. Our results suggest that a one standard deviation increase in policy uncertainty is associated...
4.2.2 Alternative measures of uncertainty and banking risk Rather than using stock price volatility in our PVAR model, we have tried the economic policy uncertainty.21 Economic Policy Uncertainty is an index constructed based on newspaper articles regarding policy uncertainty from leading newspapers. It...