We investigate the impact of ECB conventional (CMP) on national banking indices 10 Eurozone countries and a Eurozone-wide index using event study technique. find that announcements unexpected increases in interest rates benefit French, German, Greek Italian banks when are low, while other periods, effect is muted. A plausible explanation bank profits squeezed low because reluctant to push depos...

The objective of this study is to assess the performance of fishery buybacks so as to determine the conditions under which positive socio-economic outcomes can occur during the process of fisheries adjustments. We do this by conducting a desk top review and supplementing the literature with targeted interviews with experts who have direct knowledge or experience with the implementation of buyba...

The purpose of this opinion piece is to discuss opportunities and challenges to physical activity [PA] research in young people. Two key limitations were identified; (i) the lack of specificity of the types of PA measured and standards in reporting this, and (ii) lack of attention given to ecological frameworks. First, it is argued that a greater specificity of measurement is needed as PA under...

This paper examines the effects of firm characteristics measured by price-to-book (PB) ratio, free cash flow (FCF), and variability of daily stock return (VDR) on investor reaction in the stock market to IT investment announcements. In contrast to previous studies, which focused exclusively on whether or not IT investment announcements led to an abnormal return in the market, this study investi...

This paper analyzes the use of announcements of objectives or intentions, announcements which are common in implementation of monetary policy. To analyze such announcements, this paper uses a model in which there is asymmetric information over the central bank’s objectives. This informational asymmetry is represented by a stochastic in‡ation target, upon which only the central bank can conditio...

I replicate Barron, Harris, and Stanford's (2005) " Evidence That Investors Trade on Private-Event-Period Information around Earnings Announcements " which provides empirical support for theoretical models developed in Holthausen and Verrecchia (1990) and Kim and Verrecchia (1997). These model predict that private information generated at the time of an earnings announcement (private event-peri...

We study the effect of bank loan announcements on the borrowing firms’ bond and equity prices. Our sample consists of 896 loan deals signed between 1997 to 2003 involving 364 different U.S. firms. We report the first comprehensive evidence that also firm bond prices react to bank loan announcements. The cumulative abnormal reaction of bond credit spreads equals minus 11 bps on average in the tw...