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Displaying results 1 to 4 of 4.

  1. Disaster resilience and asset prices
    Author: Pagano, Marco; Wagner, Christian; Zechner, Josef
    Published: May 2020
    Publisher:  CSEF, Centre for Studies in Economics and Finance, Department of Economics, University of Naples, Naples, Italy

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 660
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / CSEF, Centre for Studies in Economics and Finance, University of Naples ; no. 563
    Subjects: Katastrophe; Epidemie; Infektionsschutz; Unternehmenserfolg; CAPM; Risikoprämie; Coping-Strategie
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. Disaster resilience and asset prices
    Author: Pagano, Marco; Wagner, Christian; Zechner, Josef
    Published: [2021]
    Publisher:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    Using the pandemic as a laboratory, we show that asset markets assign a time- varying price to firms' disaster risk exposure. In 2020 the cross-section of realized and expected stock returns reflected firms' different exposure to the pandemic, as... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 108
    Inter-library loan:
    No inter-library loan

     

    Using the pandemic as a laboratory, we show that asset markets assign a time- varying price to firms' disaster risk exposure. In 2020 the cross-section of realized and expected stock returns reflected firms' different exposure to the pandemic, as measured by their vulnerability to social distancing. Realized and expected return differentials initially widened and then narrowed, but disaster exposure still commanded a risk premium in December 2020. When inferred from market outcomes, resilience correlates not only with social distancing, but also with cash and environmental ratings. However, vulnerability to social distancing is the only characteristic that identifies persistently scarred firms.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/248408
    Series: CFS working paper series ; no. 673
    Subjects: Katastrophe; Epidemie; Infektionsschutz; Unternehmenserfolg; CAPM; Risikoprämie; Coping-Strategie; asset pricing; rare disasters; social distance; resilience; pandemics
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen
  3. Disaster resilience and asset prices
    Author: Zechner, Josef; Pagano, Marco; Wagner, Christian
    Published: 18 May 2020
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
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    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP14773
    Subjects: Katastrophe; Epidemie; Infektionsschutz; Unternehmenserfolg; CAPM; Risikoprämie; Coping-Strategie
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  4. Disaster resilience and asset prices
    Author: Pagano, Marco; Wagner, Christian; Zechner, Josef
    Published: [2020]
    Publisher:  EIEF, Einaudi Institute for Economics and Finance, [Rom]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 730
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: EIEF working paper ; 20, 08 (May 2020)
    Subjects: Katastrophe; Epidemie; Infektionsschutz; Unternehmenserfolg; CAPM; Risikoprämie; Coping-Strategie
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen