A5069978595- Risk Management in Financial Firms
- Corporate Finance and Governance
- Market Dynamics and Volatility
- Global Financial Crisis and Policies
- Auditing, Earnings Management, Governance
- Banking stability, regulation, efficiency
- Financial Markets and Investment Strategies
- Monetary Policy and Economic Impact
- Insurance and Financial Risk Management
- Complex Systems and Time Series Analysis
- Financial Reporting and Valuation Research
- Working Capital and Financial Performance
- Regional Development and Policy
- Firm Innovation and Growth
- European Monetary and Fiscal Policies
- Global Trade and Competitiveness
- COVID-19 Digital Contact Tracing
- COVID-19 epidemiological studies
- Economic theories and models
- Disaster Management and Resilience
- Risk and Safety Analysis
- Respiratory viral infections research
- Economic Theory and Policy
- Economic Sanctions and International Relations
- Employer Branding and e-HRM
Luxembourg Institute of Socio-Economic Research
2019-2023
University of Liège
2008-2022
Maastricht University
2004-2022
Universidade Federal da Fronteira Sul
2022
Terra
2022
Fundação Araucária
2022
Biblioteca Nacional de España
2022
Office of the Chief Scientist
2020-2021
University of Luxembourg
2019-2020
Institut d'Economie Scientifique Et de Gestion
2015
Abstract We find that about 13% of our sample 817 European multinational firms experienced economically significant exposure effects to the Japanese yen, 14% US dollar and 22% UK pound. Our evidence differs substantially from experience is robust across sub‐sample periods, suggesting a depreciating (appreciating) euro against foreign currencies has net negative (positive) impact on stock returns. Short‐term seems be relatively well hedged, where considerable long‐term found. Firms with weak...
We call upon the research community to standardize efforts use daily self-reported data about COVID-19 symptoms in response pandemic and form a collaborative consortium maximize global gain while protecting participant privacy.
Purpose The purpose of this paper is to investigate the impact individual investor sentiment on return process and conditional volatility three main US market indices (Dow Jones Industrial Average, S&P500 Nasdaq100). Individual measured by aggregate money flows in out domestically oriented mutual funds. Design/methodology/approach A generalised autoregressive heteroscedasticity (GARCH)‐in‐mean specification used, where our measure for enters mean equation. Findings For a sample period...
Purpose This paper aims to increase understanding of the (time‐varying) relationship between exchange rates and stock prices at individual firm level. Rather than analyzing impact rate movements on value by regressing multinationals’ returns changes, it is proposed examine increased variability return volatility US multinationals focusing 1997 Asian financial turmoil. Design/methodology/approach In a first step, investigated whether enhanced uncertainty about future performance active in...
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Information is the most potent protective weapon we have to combat a pandemic, at both individual and global level. For individuals, information can help us make personal decisions provide sense of security. community, inform policy offer critical insights into epidemic COVID-19 disease. Fully leveraging power information, however, requires large amounts data access it. To achieve this, are making steps form an international consortium, Coronavirus Census Collective (CCC,...
Impaired response to dual antiplatelet therapy is associated with worse cardiovascular outcome. Besides effects, there evidence that both clopidogrel and acetylsalicylic acid (ASA) have anti-inflammatory properties. However, little known about the relationship between platelet function inflammation under in patients stable coronary artery disease.The purpose of study was investigate correlation soluble (s)P-selectin (s)CD40L undergoing elective percutaneous intervention. Poor ASA could lead...
This study examines whether foreign region- and country-specific performance disclosures relate differentially to shareholder wealth compared domestic disclosures. Bearing in mind the fact that, previous literature, empirical findings regarding value-relevance of geographic disparities have been surprisingly conflicting puzzling, we question this paper prior sample selection procedures data treatments. Using an extensive international company-level database, distinguish between ‘region-’...
This study uses Hinesâ (1996) dividend process model to test the effect of domestic versus foreign profitability shocks on firmsâ payout policy. Investigating an international sample 283 companies from Continental Europe, Australia, New Zealand, U.S.A. and Canada, we find that increases in some market earnings stimulate higher cash distributions than similar earnings. The disaggregation performance across country-specific markets reveals managers are predominantly using dividends signal...
This paper studies the value-relevance of FCD disclosures European non-financial firms. Our findings show that these firms use FCDs to hedge and not speculate but impact hedging strategies' is statistically economically weak revealing either (i) managers only a small proportion currency risk they are facing, or (ii) investors make systematic errors when assessing link between disclosed usage firms' exposures. We find strong evidence in favor existence economies scale engage programs response...
This paper examines whether there exists any relationship between individual Asian firms' stock returns and fluctuations in foreign exchange rates. We find that about 25 percent of these firms experienced economically significant exposure effects to the U.S. dollar 22.5 Japanese yen for period January 1993 2003. While is time-variation contemporaneous at firm level, overall extent not sample dependent; a depreciating (appreciating) currency against currencies has net negative (positive)...