Government policy uncertainty and stock prices: The case of Australia's uranium industry

Ferguson, Andrew; Lam, Peter

doi:10.1016/j.eneco.2016.08.026

Cited by 22 publications

(7 citation statements)

References 24 publications

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“…Significant positive abnormal returns also occur in airlines and containers. The same research results show a significant stock price reaction to the events of uncertain government policy regarding major uranium (Ferguson & Lam, 2016;Aggarwal, 2017).…”

Section: Literature Review and Hypothesessupporting

confidence: 52%

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

Mentari

Artini

2019

irjmis

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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.

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Section: Literature Review and Hypothesessupporting

confidence: 52%

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

Mentari

Artini

2019

irjmis

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“…Using the mediating effect test model of Andrew Ferguson, Amanda, J., Fairchild and Mahesh, Srinivasan [ 41 , 42 , 43 ], we explored the impact of environmental uncertainty on two-stage innovation activities and the ways in which it acts, as shown in Figure 2 .

…”

Section: Methodsmentioning

confidence: 99%

The Impact of Environmental Uncertainty on Corporate Innovation: Empirical Evidence from an Emerging Economy

Chen

Shu

Wang

et al. 2021

IJERPH

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The paper analyzes the effect of environmental uncertainty on corporate technological innovation from the perspective of an innovation value chain under the institutional background of China. This paper not only discusses the intermediary effect of agency problems on environmental uncertainty and corporate technological innovation but also deeply explores the influence of information transparency, government subsidies, and other mechanisms to alleviate agency problems on environmental uncertainty and corporate technological innovation. We use the data of listed companies in China from 2008 to 2019 as the research sample, and the results show that, in general, environmental uncertainty has a negative effect on both input and output of technological innovation, and the negative effect can last for two years. Further research shows that the agency problem has an intermediary effect on the environmental uncertainty and corporate technology innovation, and the environmental uncertainty aggravates the agency problem, which hinders the input and output of corporate technology innovation. As an important mechanism to alleviate the agency problems, information transparency and government subsidies can effectively alleviate the agency conflict, thus reducing the inhibition of environmental uncertainty on the input and output of technological innovation. Our findings contribute to the discussion of driving factors for technological innovation in the context of China’s system. Our results provide useful insights into the link between environmental uncertainty and corporate innovation for economic academics and practitioners alike.

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“…All policies disclosed by the government can affect the capital market. Ferguson (2016) stated that certain policies can affect strong capital markets, where the event shows a direct relationship between the investor's assessment of the possibility of policy changes and the emergence of news about the events, such as politics. In this case, investors can directly or indirectly reach, which is reflected from their expectations on the events based on their activities carried out in the capital market.…”

Section: Introductionmentioning

confidence: 99%

The Reaction of Capital Markets in Indonesia, Singapore, Malaysia, and Thailand Towards the Announcement of Lockdown Policy During the Beginning of the Covid-19

Fauziah¹,

Venusita²

2021

JAEF

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This study aims to examine the stock market’s reaction to the announcement of the implementation of the COVID-19 lockdown policy, examining the differences in abnormal return, and the total volume activity in company shares in Indonesia, Singapore, and Malaysia in responding before and after the announcement of the lockdown policy in the countries. This study uses the even study method and is based on secondary data from news portals and websites. The population and sample used in this study are companies listed in the index with the largest capitalization in each country, including LQ45 in Indonesia, STI in Singapore, FBM KCLI in Malaysia, and SET50 in Thailand. The sample collection technique is based on purposive sampling technique. The research variables are the COVID-19 lockdown policy announcement, abnormal return, trading volume activity (TVA) in the form of trading volume in the companies as the sample group. The results show that the announcement of COVID-19 lockdown policy did not significantly influence the reaction of the capital market but was still used as a basis to make investments decision. The announcement of the COVID-19 lockdown, both before and after the announcement, did not have a significant effect on abnormal returns and trading volume activity in Indonesia, Singapore, Malaysia, and Thailand capital markets.

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Government policy uncertainty and stock prices: The case of Australia's uranium industry

Cited by 22 publications

References 24 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

The Impact of Environmental Uncertainty on Corporate Innovation: Empirical Evidence from an Emerging Economy

The Reaction of Capital Markets in Indonesia, Singapore, Malaysia, and Thailand Towards the Announcement of Lockdown Policy During the Beginning of the Covid-19

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