Does Investors’ Fear Gauge in a Mature Market Matter? <i>Evidence from the MENA Region</i>

Abuzayed, Bana; Al‐Fayoumi, Nedal; Arabiyat, Talah S.

doi:10.3905/jwm.2018.21.1.071

Cited by 5 publications

(4 citation statements)

References 48 publications

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“…The results of the authors' study are a laconic continuation of studies carried out both at the local level [19,40,41] and abroad -in Africa [42] and Asia [43][44][45].…”

Section: Discussion Of the Results Of Determining The State Financialsupporting

confidence: 58%

Estimation of state financial support for non-priority territorial units using the example of bridge construction

Левченко

Брітченко²

2021

EEJET

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The article discloses the problem of distributing state financial support based on an integrated approach. The study has proved the urgency and necessity of state support for the lowest priority territorial units (regions). It answers the research question of what components need to be included in the methodology for determining state financial support. A comprehensive method for estimating the share of public funds is proposed, taking into account the investment attractiveness of a region (oblast) and the risk of the corresponding region (oblast). To achieve this goal, the following general scientific and special methods and research techniques were used in the work, such as comparative analysis of scientific literature and information sources based on methods of comparison, systematization, and generalization; generalization of the analysis results, as well as logical generation of conclusions and integral assessment. Since the problem of financing the construction and reconstruction of bridges is relevant for a number of countries, this technique was tested using an example of bridge construction. According to the obtained results, territorial units (regions) that are not leaders in priority for the investor and have a high level of riskiness of investing financial resources become eligible for state financial support. The problem of financing such regions can be solved only through state support. The results of calculations show that the distribution of financial resources with the available volume of public finances K=1 allocated for support is carried out proportionally. An integrated approach made it possible to identify 10 territorial units (oblasts) for funding, with the oblasts with the worst priority factors receiving the largest share of state financial support. This study is of practical interest to government agencies in the distribution of public funds, and it is of theoretical importance to researchers dealing with issues of financial security and public administration

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“…The results of the authors' study are a laconic continuation of studies carried out both at the local level [19,40,41] and abroad -in Africa [42] and Asia [43][44][45].…”

Section: Discussion Of the Results Of Determining The State Financialsupporting

confidence: 58%

Estimation of state financial support for non-priority territorial units using the example of bridge construction

Левченко

Брітченко²

2021

EEJET

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“…For instance, Fleming, Ostdiek, and Whaley (1995), Sun (2005, 2007), Banerjee, Doran, and Peterson (2007), Sarwar (2012a) and Smales (2017) document a significant and negative relationship between U.S. stock market returns and volatility. Similar results are also found in regions other than the U.S., including Europe , BRICS markets Sarwar, 2012b), Latin America (Sarwar & Khan, 2017), and the MENA region (Abuzayed, Al-Fayoumi, & Arabiyat, 2018).…”

Section: Introductionsupporting

confidence: 76%

Impact of news-based equity market volatility on international stock markets

Alqahtani

Wither

Dong

et al. 2020

Journal of Applied Economics

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This study examines the long run impacts of equity market volatility on index returns of nine major international stock exchanges in the Western and Asian regions. This study employs the text-based Economic Market Volatility (EMV) index to measure the degree of uncertainty in the U.S. stock market. Using monthly data from December 2001 to August 2018, the estimation results derived using the standard and nonlinear ARDL models deliver several key messages. First, rising U. S. stock market volatility exhibits significant and negative impacts on stock market returns, except for the stock markets of China, Hong Kong, and India whose impacts are negative but insignificant. Second, the use of the nonlinear ARDL model does not show any signs of asymmetry in the relationship between stock market returns and changes in the EMV index, suggesting that the change in the EMV index has symmetric effects on the changes in major stock indices.

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“…This argument is consistent with Nelson (1991) and Glosten et al (1993), who conjecture that the relationship between expected returns and volatility could be either positive or negative over a finite period. Nonetheless, a large volume of recent empirical evidence has found significant and negative links between stock returns and volatility (see, among others, Connolly et al, 2005, 2007, Sarwar, 2012, Sarwar & Khan, 2017, Abuzayed et al, 2018, Lin et al, 2018.…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

“…This specific character of GCC equity markets might increase its potential as "safe haven" when other stock markets are plagued by financial turmoil. Secondly, while the motivation of this research is similar to Abuzayed et al (2018) and Bouras et al (2019), the present study is the first to jointly consider geopolitical risk, implied stock market volatility, and oil market uncertainty in the context of GCC markets in the long run. As the most important and novel finding, we provide robust evidence that GCC countries are generally resilient to global geopolitical risk, if the effect of oil price uncertainty is jointly modeled.…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

Oil price changes, uncertainty, and geopolitical risks: On the resilience of GCC countries to global tensions

Alqahtani

Klein

2021

Energy

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Does Investors’ Fear Gauge in a Mature Market Matter? Evidence from the MENA Region

Cited by 5 publications

References 48 publications

Estimation of state financial support for non-priority territorial units using the example of bridge construction

Estimation of state financial support for non-priority territorial units using the example of bridge construction

Impact of news-based equity market volatility on international stock markets

Oil price changes, uncertainty, and geopolitical risks: On the resilience of GCC countries to global tensions

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