Geo-economic approach to energy security measurement–principal component analysis

M Radovanović, S Filipović, V Golušin - Renewable and Sustainable …, 2018 - Elsevier
Currently, there is no single accepted methodology for measuring energy security, while the
prevailing scientific attitude is that energy security should be defined and quantified in a way …

Does ESG matter to investors? ESG scores and the stock price response to new information

BJ Leite, VB Uysal - Global Finance Journal, 2023 - Elsevier
We examine how a third-party assessment of a firm's relative ESG attractiveness affects
investor demand for the firm's equity in the presence of new information. Utilizing an event …

[HTML][HTML] The spillover and contagion effects of sovereign risk on stock markets

PX Gnagne, BD Simo-Kengne, MM Manguzvane - Economic Modelling, 2024 - Elsevier
This study examines the spillover effects of sovereign risk on international stock markets
using a dynamic spatial Durbin model (SDM) on a panel of forty countries from 2009Q1 to …

On the asymmetries of sovereign credit rating announcements and financial market development in the European region

C Li, K Pervaiz, M Asif Khan, F Ur Rehman, J Oláh - Sustainability, 2019 - mdpi.com
In modeling the impact of sovereign credit rating (CR) on financial markets, a considerable
amount of the literature to date has been devoted to examining the short-term impact of CR …

How do sovereign credit rating changes affect private investment?

SS Chen, HY Chen, CC Chang, SL Yang - Journal of Banking & Finance, 2013 - Elsevier
Sovereign credit rating changes have an influence on real private investment of re-rated
countries. We find significant increases in private investment growth following upgrades in …

Credit ratings and predictability of stock return dynamics of the BRICS and the PIIGS: Evidence from a nonparametric causality-in-quantiles approach

M Balcilar, D Bathia, R Demirer, R Gupta - The Quarterly Review of …, 2021 - Elsevier
This paper provides a novel perspective on the predictive ability of credit rating
announcements over stock market returns and volatility using a novel methodology that …

Do sovereign credit rating events affect the foreign exchange market? Evidence from a treatment effect analysis

H Balima, A Minea, C Vinturis - Southern Economic Journal, 2023 - Wiley Online Library
We estimate the effect of sovereign credit rating events on the foreign exchange market.
Using entropy balancing—a treatment effect methodology that properly addresses the …

Rating agencies' credit signals: An analysis of sovereign watch and outlook

R Alsakka, O ap Gwilym - International Review of Financial Analysis, 2012 - Elsevier
We analyse sovereign watch and outlook signals from Moody's, S&P and Fitch. Prior
literature shows strong market reactions to these signals, which arguably contain more new …