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IS GOVERNANCE EFFECTIVE IN ECONOMIC GROWTH? EVIDENCE FROM MSCI COUNTRIES; EKONOMİK BÜYÜMEDE YÖNETİŞİM ETKİLİ Mİ? MSCI ÜLKELERİNDEN KANITLAR
In: Hitit Sosyal Bilimler Dergisi: Hitit journal of social sciences, Band 14, Heft 1, S. 41-55
ISSN: 2757-7449
The main objective of the research is to study the relationship between governance and economic development in emerging economies. We used MSCI countries as a sample due to their increasing importance. Our research is based on the World Bank data for Worldwide Governance Indicators (WGI) of observed countries from 2002 to 2018. The Principal Component Analysis (PCA) and Generalized Method of Moments (GMM) were applied to identify the relationship between the GDP index as a dependent variable and the WGI as an independent variable and other control variables. The experimental results showed that there was no significant relationship between governance and economic development. On the basis of these findings, it is emphasized that the countries in the sample should give more importance to governance.
MSCI Index Inclusion and Price Informativeness: Evidence from China
In: FINANA-D-23-00898
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The BP Oil Crisis Spills Over to UK Domestic Portfolios (June 2010)
In: MSCI Barra Research Paper No. 2010-22
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Working paper
Arbitrage Opportunities from MSCI Index Reconstitutions in Asian Stock Markets
In: Nanyang Business School Research Paper No. 23-09
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Arbitrage Opportunities from MSCI Index Reconstitutions In Asian Stock Markets
In: Nanyang Business School Research Paper No. 23-09
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ESG Portfolio Vs Traditional Portfolio Analysis - A Study of MSCI ESG Indices
In: Gattaiah Tadoori & V. Usha Kiran (2023) "ESG Portfolio Vs Traditional Portfolio - A Study of MSCI ESG Indices" Research Bulletin, ICMAI: Volume 48, Issue 3-4, October 2022 - January 2023. pp51-70.
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Analyst responses to stock‐index adjustments: Evidence from MSCI Taiwan Index additions
In: Review of financial economics: RFE, Band 21, Heft 2, S. 82-89
ISSN: 1873-5924
AbstractUsing data from MSCI Taiwan Index adjustments, we study analyst responses to stock additions from 1999 to 2007. The empirical results show that the magnitudes of changes in analysts' earnings‐per‐share forecasts are similar to those of their two benchmarks for new additions to the index. Therefore, in our sample we find no significant information effect from the additions. We also find that the absolute forecast errors made by analysts are smaller for new additions and those foreign analysts are more accurate than local analysts. This finding demonstrates that new additions to the index exhibit significant performance improvements.
Investing in the Presence of Massive Flows: The Case of MSCI Country Reclassifications
In: NBER Working Paper No. w23557
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Explaining the Risk/Return Mismatch of the MSCI China Index: A Systematic Risk Analysis
In: Review of Pacific Basin Financial Markets and Policies, Band 10, Heft 1, S. 63-80
ISSN: 1793-6705
This study examines a risk/return mismatch of the MSCI China Index, which has offered investors low returns and high volatility, yet remains a favorite within the global investors' portfolio. The paper suggests several insights, both from behavioral and traditional finance perspectives, to explain this mismatch. An international risk decomposition model is applied to separate the total risk of China's index return into global systematic risks, regional systematic risks and country specific risks. It suggests the index's lower than average systematic risk might be one of the explanations for its risk/return mismatch. The study also finds that the China Index's systematic risks, both global and regional, have been increasing, but more so at the global level.
Technical analysis profitability and Persistence: A discrete false discovery approach on MSCI indices
In: Journal of International Financial Markets, Institutions and Money, Vol. 73, 2021
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Working paper
Benchmark Effects from the Inclusion of Chinese A-shares in the MSCI EM Index
In: Bank of Italy Occasional Paper No. 657
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The Impact of Inclusion in the MSCI EM Index on Firms' Investment Efficiency—Evidence from China
In: RIBAF-D-23-01018
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