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The reaction of U.S. hospitality stock prices to Fed policy announcements
11 references·0 citing·41 second hop
The reaction of U.S. hospitality stock prices to Fed policy announcements (2011)The reaction of U.S. hospitality stock pr…Monetary policy and stock returns: Financing constraints and asymmetries in bull and bear markets (2010)Monetary policy and stock ret…Macroeconomic cycles and the stock market’s reaction to monetary policy (2008)Macroeconomic cycles and the …Macro and non-macro explanatory factors of Chinese hotel stock returns (2006)Macro and non-macro explanato…Hotel stock performance and monetary conditions (2006)Hotel stock performance and m…What Explains the Stock Market's Reaction to Federal Reserve Policy? (2005)What Explains the Stock Marke…The impact of macroeconomic and non-macroeconomic forces on hotel stock returns (2004)The impact of macroeconomic a…Hotels and restaurants—are the risks rewarded? Evidence from Norway (2003)Hotels and restaurants—are th…Monetary policy surprises and interest rates: Evidence from the Fed funds futures market (2001)Monetary policy surprises and…Monetary environments and international stock returns (1999)Monetary environments and int…On Stock Market Returns and Monetary Policy (1997)On Stock Market Returns and M…Use of macroeconomic variables to evaluate selected hospitality stock returns in the U.S. (1994)Use of macroeconomic variable…Credit Rationing in Markets with Imperfect Information (1981)Financing Constraints and Corporate Investment (1987)Financing Constraints and Corporate Investment (1988)The impact of oil price shocks on stock market activities: Asymmetric effect with quantile regression (2011)How do U.S. stock returns respond differently to oil price shocks pre-crisis, within the financial crisis, and post-crisis? (2015)Stock returns and interest rates around the World: A panel data approach (2016)The arbitrage theory of capital asset pricing (1976)Economic Forces and the Stock Market (1986)Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Stock Return Predictability and The Role of Monetary Policy (1997)Firm Size and Cyclical Variations in Stock Returns (2000)An Empirical Analysis of Stock and Bond Market Liquidity (2004)Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Testing for a Unit Root in Time Series Regression (1988)The economy, tourism growth and corporate performance in the Taiwanese hotel industry (2009)The response of hotel performance to international tourism development and crisis events (2010)The impacts of social and economic crises on tourist behaviour and expenditure: an evolutionary approach (2018)What Moves Stock Prices? (1988)Financial Investment Opportunities and the Macroeconomy (1991)Macroeconomic determinants of Malaysian stock market (2009)The impact of economic policy uncertainty on stock returns of Turkish tourism companies (2016)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)COVID-19: hotel industry response to the pandemic evolution and to the public sector economic measures (2020)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Business conditions and expected returns on stocks and bonds (1989)Monetary Shocks and REIT Returns (2006)Simultaneous monetary policy announcements and international stock markets response: An intraday analysis (2010)Macroeconomic variables and stock market indices: Asymmetric dynamics in the US and Canada (2019)Asset Prices in an Exchange Economy (1978)Agency Costs, Net Worth, And Business Fluctuations (1988)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Access to Institutional Finance and the Use of Trade Credit (2007)Asymmetric effects of federal funds target rate changes on S&P100 stock returns, volatilities and correlations (2009)Investor sentiment and the stock market’s reaction to monetary policy (2009)Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements (2004)Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Uncertainty about Government Policy and Stock Prices (2012)High Frequency Identification of Monetary Non-Neutrality: The Information Effect (2013)Monetary Policy Surprises, Credit Costs, and Economic Activity (2015)
this work references cited by second hop

References

  • 2005What Explains the Stock Market's Reaction to Federal Reserve Policy?2,382 cited
  • 2001Monetary policy surprises and interest rates: Evidence from the Fed funds futures market2,054 cited
  • 1997On Stock Market Returns and Monetary Policy931 cited
  • 2008Macroeconomic cycles and the stock market’s reaction to monetary policy247 cited
  • 2004The impact of macroeconomic and non-macroeconomic forces on hotel stock returns183 cited
  • 1999Monetary environments and international stock returns155 cited
  • 2006Macro and non-macro explanatory factors of Chinese hotel stock returns120 cited
  • 1994Use of macroeconomic variables to evaluate selected hospitality stock returns in the U.S.109 cited
  • 2010Monetary policy and stock returns: Financing constraints and asymmetries in bull and bear markets101 cited
  • 2006Hotel stock performance and monetary conditions59 cited
  • 2003Hotels and restaurants—are the risks rewarded? Evidence from Norway33 cited

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