Macroeconomic Factors And International Shipping Stock Returns
DOWNLOAD
Download Macroeconomic Factors And International Shipping Stock Returns PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Macroeconomic Factors And International Shipping Stock Returns book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Macroeconomic Factors And International Shipping Stock Returns
DOWNLOAD
Author : Filippos Alexiou
language : en
Publisher:
Release Date : 2007
Macroeconomic Factors And International Shipping Stock Returns written by Filippos Alexiou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
The Exposure Of Shipping Firms Stock Returns To Financial Risks And Oil Prices
DOWNLOAD
Author : Ahmed A. El-Masry
language : en
Publisher:
Release Date : 2018
The Exposure Of Shipping Firms Stock Returns To Financial Risks And Oil Prices written by Ahmed A. El-Masry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Shipping is an industry that is highly geared towards international trade and therefore, would seem to be highly susceptible to fluctuations in macroeconomic factors. This article investigates the impact of exchange rates, interest rates and oil prices on stock returns of 143 shipping companies from 16 countries. We also investigate the factors which determine the extent to which firm are sensitive to macroeconomic variables. Our results indicate that the low incidence of significant exposure to exchange rate and interest rates suggests that most shipping firms have utilised reasonably successful hedging strategies to reduce the impact of these macroeconomic risks. Finally, we find that, for the minority of shipping firms significantly affected by oil price increases, the effects have usually been beneficial.
The Effects Of Macroeconomic Factors On International Stock Market Returns
DOWNLOAD
Author : Abdul Ghani Shafie
language : en
Publisher:
Release Date : 1992
The Effects Of Macroeconomic Factors On International Stock Market Returns written by Abdul Ghani Shafie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Capital market categories.
Risk And Return In Transportation And Other Us And Global Industries
DOWNLOAD
Author : Manolis G. Kavussanos
language : en
Publisher: Springer Science & Business Media
Release Date : 2001-06-30
Risk And Return In Transportation And Other Us And Global Industries written by Manolis G. Kavussanos and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-06-30 with Business & Economics categories.
This book undertakes industry analysis of the risk-return behaviour of stock returns in the US. It focuses on transportation and a number of non-transportation companies, with particular attention paid to water transportation. The market risk (measured by beta) is identified as the relevant metric to use for comparison. Single and multi-index models are employed to identify exposures (betas) to market, microeconomic and macroeconomic types of risk in each industry. These industries include water transportation, air transportation, trucks, rail transportation, electricity, gas, petroleum refining and real estate. Microeconomic factors employed include market value of equity, book to market value of equity ratio, earnings to price ratio, asset to market value of equity ratio, and asset to book value of equity ratio. Macroeconomic factors include: industrial production, term structure of interest rates, oil prices, consumption and inflation. Returns of each industry seem to be explained by different sets of economic factors. For shipping, apart from the market, industrial production, oil prices, the market value of equity, and the asset to book ratio are significant. Moreover, the systematic risk of this industry is not different to that of the market, has not changed significantly under different market conditions, is lower than rail transportation, higher than real estate and similar to that of the remaining industries. The analysis is also extended beyond the US, to global industry portfolios.
Stock Market Response To Unexpected Macroeconomic News
DOWNLOAD
Author : Mahdi Sadeghi
language : en
Publisher: International Monetary Fund
Release Date : 1992-08-01
Stock Market Response To Unexpected Macroeconomic News written by Mahdi Sadeghi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-08-01 with Business & Economics categories.
This paper provides empirical evidence on the relationship between unexpected changes in macroeconomic variables and Australian stock returns over the period 1980-1991. The results suggest that stock returns are positively correlated with any surprise news in the current account deficit, the exchange rate and growth rate of real GDP, and negatively correlated with surprise news about the inflation rate and interest rates. Stock returns are also positively correlated with the unexpected unemployment rate and negatively correlated to revisions in the expected unemployment rate. The results furthermore suggest that market portfolios can detect the impact of common economic shocks better than the portfolios of the two main subsectors of the market.
Shipping Economics
DOWNLOAD
Author : Kevin Cullinane
language : en
Publisher: Elsevier
Release Date : 2005-06-15
Shipping Economics written by Kevin Cullinane and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-15 with Business & Economics categories.
Shipping is by far the most significant mode of transportation for the carriage of freight. In terms of volume alone, no other mode comes close. Its dominance is even more overwhelming when distances are accounted for. This book is concerned with the economics of this pivotal mode of transportation. It reveals that the influences on the development and current state of shipping economics research are extremely eclectic. The various chapters in the book represent areas that are of central concern to ongoing research in the field. As such, the book is useful to students, researchers, industrialists, policy makers and consultants. The authors of the contributed chapters are some of the leading names in the world of shipping economics, addressing a number of diverse areas: The econometric modeling of shipping markets; Shipping finance (a critical issue in such a capital intensive industry); Fiscal policy (and its impact on an international industry with great asset mobility) and Safety and security (aspects that have risen to prominence with increasing concerns over the environment and international terrorism). Ultimately, while shipping as a business depends upon trade, it is absolutely certain that the business of trade depends upon shipping. The final two chapters, therefore, incorporate aspects of network economics, welfare economics and international trade theory to analyze where and how shipping sits within the wider perspective of industrial supply chains. Professor Kevin Cullinane, BA BSc MSc PhD FCILT CNI Professor Kevin Cullinane is Chair in Marine Transport and Management at the University of Newcastle in the U.K. He was previously Professor and Head of the Department of Shipping and Transport Logistics at the Hong Kong Polytechnic University, Head of the Centre for International Shipping and Transport at Plymouth University, Senior Partner in his own transport consultancy company and Research Fellow at the University of Oxford Transport Studies Unit. He is a Fellow of the Chartered Institute of Logistics and Transport and has been a transport adviser to the governments of Hong Kong, Egypt, Chile and the U.K. He holds visiting Professorships at a number of institutions and an Honorary Professorship at the University of Hong Kong.
Macroeconomic Factors Influence On New European Countries Stock Returns
DOWNLOAD
Author : Aristeidis Samitas
language : en
Publisher:
Release Date : 2007
Macroeconomic Factors Influence On New European Countries Stock Returns written by Aristeidis Samitas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This paper investigates whether current and future domestic and international macroeconomic variables can explain long and short run stock returns in four quot;newquot; European countries (Poland, Czech Republic, Slovakia and Hungary). quot;Oldquot; western European countries (U.K., France, Italy and Germany) are included in the empirical analysis, whilst USA is considered as a quot;foreign global influencequot;. Using the present value model of stock prices and a complete range of cointegration and causality tests, it is found that quot;newquot; European stock markets are not perfectly integrated with foreign financial markets, while domestic economic activity and the German factor are more influential on these stock markets than the American global factor.
Essays On The Econometric Modelling And Forecasting Of Shipping Market Variables
DOWNLOAD
Author : Kasra Pourkermani
language : en
Publisher:
Release Date : 2012
Essays On The Econometric Modelling And Forecasting Of Shipping Market Variables written by Kasra Pourkermani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Impacts Of Macroeconomic Factors On Stock Returns And Volatility
DOWNLOAD
Author : Chibuzo Amaefula
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2014-10-13
Impacts Of Macroeconomic Factors On Stock Returns And Volatility written by Chibuzo Amaefula and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-13 with categories.
The robustness of this research book is evident in its contribution to knowledge. It has shown that the variance equation can contain more than two exogenous variables without violating the non-negativity condition of the conditional variance under univariate GARCH specification and the use of univariate GARCH (p, q) model in examining volatility spillover effect. It has also studied time varying correlation using the diagonal BEKK model with OLS method to test the effect of the time trend on the correlation and the CCC-Model as a 'check model'. The research has empirically shown that the structure of correlation between stock returns and interest rate is time variant while relative to exchange rate and inflation is time invariant. The research empirical results have also shown that the correlation of stock returns volatility relative to the volatility of exchange rate and inflation rate vary over time and relative to interest rate volatility is time invariant. The dimensions of this book has made it be a reference book to many researchers and has also breached the gap between past research and future research.
International Stock Market Returns And Systematic Risk Factors
DOWNLOAD
Author : Mohsen Naser Khamis Al-Saiaari
language : en
Publisher:
Release Date : 1991
International Stock Market Returns And Systematic Risk Factors written by Mohsen Naser Khamis Al-Saiaari and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
