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Knowing the unknowns ? fresh insights from an unknown stock market
The goal of our study is to examine the impact of natural disasters on the South Pacifi Stock Exchange. We use daily time-series data for Fiji?s stock market for the period 2000-2019. Our empirical framework is based on three factor regression models, namely the market model, the Fama and French three-factor model, and the Fama and French five-factor model. We find evidence that natural disasters in Fiji reduce abnormal returns in the most relevant five-factor model. Additionally, we provide evidence that different types of natural disasters have heterogeneous effects on Fiji?s stock market. Our findings are further supported by a robustness check..
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir | 1 |
| Penerbit | : Bulletin of Monetary Economics and Banking 2021 |
|---|---|
| Edisi | - |
| Subjek | Stock market Natural Disaster Fiji Political instability |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |