Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 8 of 8 for “"Macroeconomic uncertainty"”.
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Essays on Macroeconomic Uncertainty and Capital Flows
<p>This dissertation studies the effects of uncertainty shocks in emerging economies in a context where these economies increased their participation in international financial markets. The first chapter provides a review of the literature on how the study of uncertainty shocks recently became more …
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Determinants of private investments in South Africa
… between private investment; interest rates and macroeconomic uncertainty in South Africa on a yearly time series data range between 1980 and 2014. This research was encouraged by the continually weakening private investment in South Africa relative to total investment. There is a need to turn …
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Three Essays on International Financial Market Linkages
… 2, is an investigation of the hypothesis that macroeconomic uncertainty is a significant risk factor in explaining deviations from the uncovered interest parity (UIP) condition (or time-varying risk premium) using data from the G7 countries. To analyze the relationship between the risk premium …
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ESSAYS IN EMPIRICAL CORPORATE FINANCE
… to the diversified portfolio. Using an index of macroeconomic uncertainty, we find a strong, negative relation between the uncertainty beta and both family ownership and involvement. Also consistent with our predictions, we document that families with high absolute wealth or risk aversion are …
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Understanding the effects of uncertainty on the macroeconomy and financial markets
… have illustrated distinct roles of risk and uncertainty in financial markets. However, there is no consensus on measurement of uncertainty. Financial uncertainty and macroeconomic uncertainty are commonly proxied separately by the volatility of stock returns or key macroeconomic variables, …
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Three Essays in Financial Economics
… within the context of global financial and macroeconomic uncertainty over the last decade. In the first empirical essay, we investigate static and dynamic liquidity spillovers across the Eurozone stock markets. Using a generalised vector autoregressive (VAR) model, we introduce a new measure …
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The effect of idiosyncratic and macroeconomic risk on cash holdings
… cash holdings to changes in idiosyncratic and macroeconomic risk. The analysis is carried out for a panel of South African non-financial firms from 1980 to 2019. Employing the two-step system Generalised Methods of Moments (GMM), results show that South African firms become conservative with …
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Three Essays in Natural Resource and Environmental Economics
… analyses the impact of political and macroeconomic uncertainties on environmental outcomes and design of policy instruments. The first essay examines how the rate of agricultural land expansion in tropical countries depends on the nature and persistence of new political regimes. We use …