DO MARKETS LOVE MISERY? STOCK PRICES AND CORPORATE PHILANTHROPIC DISASTER RESPONSE.
نویسندگان
چکیده
منابع مشابه
Corporate Governance, Corporate Finance and Stock Markets in Emerging Countries
This paper focuses on the inter-relationship between corporate governance, financing of corporate growth and stock market development in emerging countries. It explores both theoretically and empirically the nature of the interrelationships between these phenomena, as well as their implications for economic policy. It concentrates on how corporate growth is financed, an area where the literatur...
متن کاملANN Model to Predict Stock Prices at Stock Exchange Markets
Stock exchanges are considered major players in financial sectors of many countries. Most Stockbrokers, who execute stock trade, use technical, fundamental or time series analysis in trying to predict stock prices, so as to advise clients. However, these strategies do not usually guarantee good returns because they guide on trends and not the most likely price. It is therefore necessary to expl...
متن کاملDo Earthquakes Shake Stock Markets?
This paper examines how major earthquakes affected the returns and volatility of aggregate stock market indices in thirty-five financial markets over the last twenty years. Results show that global financial markets are resilient to shocks caused by earthquakes even if these are domestic. Our analysis reveals that, in a few instances, some macroeconomic variables and earthquake characteristics ...
متن کاملDoes Misery Love Company? Evidence from pharmaceutical markets before and after the Orphan Drug Act
With substantial fixed costs of drug development, more common conditions can support more products. If additional pharmaceutical products are beneficial, they will attract greater consumption and promote better health, e.g. greater longevity. We ask how market size – measured by condition prevalence – affects consumption and longevity. We document in condition cross sections that both the tende...
متن کاملDo Customers Learn from Stock Prices?
This paper provides evidence that a firm’s stock price movements affect its customer demand. I develop a model in which customers learn about a firm’s product quality partially from its stock price. This learning induces feedback from the price to customer demand. Furthermore, the firm manager adjusts product launch decisions in anticipation of these demand shifts. Consistent with the model’s i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Academy of Management Proceedings
سال: 2008
ISSN: 0065-0668,2151-6561
DOI: 10.5465/ambpp.2008.33640714