The impact of sovereign rating events on bank stock returns

Hu, Haoshen

doi:10.1108/jrf-12-2016-0156

Cited by 7 publications

(3 citation statements)

References 93 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results of other studies that support the results of this study through univariate tests show that positive sovereign rating events do not cause significant bank stock price reactions, while negative events are associated with negative stock price effects on domestic banks (Hu, 2017).…”

supporting

confidence: 87%

Market reaction as an impact of announcement increase fed interest rate in Asian and European area

Mentari

Artini

2019

irjmis

View full text Add to dashboard Cite

The purpose of this study is to determine whether there is a difference in the average abnormal return around the date of the announcement of the Fed's interest rate hike in Asia and the European region. The sample of this study was 18 emerging market countries' index indices in Asia and Europe with sample collection techniques using purposive sampling. This study uses One Way Anova analysis techniques and One Sample T-test. The results found that there was no difference in the average abnormal return before and after the announcement of the Fed's interest rate increase. This condition shows that markets in the two regions do not react significantly because markets in Asia and the European region are in an efficient condition in the form of half strong, where the market absorbs information quickly and is reflected in stock prices so there is no difference in the average abnormal return in both regions. The absence of a difference in the average abnormal return is also caused by the uncertainty of the global economy making investors more careful in making investment decisions.

show abstract

supporting

confidence: 87%

Market reaction as an impact of announcement increase fed interest rate in Asian and European area

Mentari

Artini

2019

irjmis

View full text Add to dashboard Cite

show abstract

“…They showed how past and current data influenced the ratings. Hu and Hu [23] studied the effect of sovereign ratings on bank stock returns in the European Union. They found that positive sovereign ratings did not lead to a bank's stock price reaction; however, negative events caused negative sovereign rating events.…”

Section: Literature Reviewmentioning

confidence: 99%

A Credit Rating Model in a Fuzzy Inference System Environment

et al. 2019

View full text Add to dashboard Cite

One of the most important functions of an export credit agency (ECA) is to act as an intermediary between national governments and exporters. These organizations provide financing to reduce the political and commercial risks in international trade. The agents assess the buyers based on financial and non-financial indicators to determine whether it is advisable to grant them credit. Because many of these indicators are qualitative and inherently linguistically ambiguous, the agents must make decisions in uncertain environments. Therefore, to make the most accurate decision possible, they often utilize fuzzy inference systems. The purpose of this research was to design a credit rating model in an uncertain environment using the fuzzy inference system (FIS). In this research, we used suitable variables of agency ratings from previous studies and then screened them via the Delphi method. Finally, we created a credit rating model using these variables and FIS including related IF-THEN rules which can be applied in a practical setting.

show abstract

“…The results of this interpretation of information will later influence decision making, if many interested parties have a pessimistic view due to bad news from the information received, then it will reduce its activities. Conversely, if interested parties look optimistic due to good news from information received, then he will strengthen his activities (Hu, 2017).…”

Section: Introductionmentioning

confidence: 99%

Supply of Consumer Goods, Per Capita Consumption due to Covid-19 Pandemic

Widnyana

Widyawati

2020

EDAJ

View full text Add to dashboard Cite

The Covid-19 pandemic that is happening now is affecting the economy. This study aims to examine changes in the supply of consumer goods to Bali from outside Bali in the Indonesian territory and changes in the per capita consumption of the Balinese population, due to the Covid-19 pandemic. Two events were observed, namely the first event was the announcement of the first positive case of Covid-19 in Indonesia, and the 2nd event was the determination of the status of a national disaster by the Indonesian government. Data analysis was performed using a different test with the SPSS v.23 program. The results of the analysis found that there was a difference in the supply of consumer goods to Bali from outside Bali and the per capita consumption of the Balinese population in the first and 2nd events. The supply of consumer goods and per capita consumption decreased significantly after the announcement of the first positive case of Covid-19 and then further decreased after the Indonesian government declared a national disaster status. The determination of the status of a national disaster has a greater impact on reducing the per capita consumption of the Balinese population than the announcement of the first Covid-19 patient. As a result of Covid-19, it is hoped that the Bali Provincial Government needs to make policy breakthroughs to encourage the fulfillment of consumer goods needs in Bali independently so that they do not always depend on supplies from outside Bali. The Covid-19 pandemic has reduced people's income and reduced buying power, thus demanding people to be smarter in managing finances, including adjusting consumption patterns according to the priority scale of needs.

show abstract

The impact of sovereign rating events on bank stock returns

Cited by 7 publications

References 93 publications

Market reaction as an impact of announcement increase fed interest rate in Asian and European area

Market reaction as an impact of announcement increase fed interest rate in Asian and European area

A Credit Rating Model in a Fuzzy Inference System Environment

Supply of Consumer Goods, Per Capita Consumption due to Covid-19 Pandemic

Contact Info

Product

Resources

About