KHAS Finans Seminerleri - Doç. Dr. Izidin El Kalak

KHAS Finans Seminerleri – Doç. Dr. Izidin El Kalak

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Kadir Has Üniversitesi Uluslararası Ticaret ve Finansman Bölümü’nün düzenlediği Finans Seminerleri serisinin 26 Nisan Salı günü konuğu Cardiff Business School’dan Doç. Dr. Izidin El Kalak oluyor.

Dr. Kalak’ın “Does qualitative easing affect market liquidity? Evidence from the Bank of Japan’s ETF purchase program” başlıklı konuşmasını saat 17:00‘den itibaren Zoom üzerinden takip edebilirsiniz. 

Etkinlik dili İngilizcedir.

Zoom Meeting ID: 831 6134 9622

Zoom Linki: https://us02web.zoom.us/j/83161349622

Özet: Using the Bank of Japan (BOJ)’s large-scale index-linked exchange-traded funds (ETFs) purchase program, this paper examines whether quantitative easing affects market liquidity of the underlying assets. Using a large sample of Japanese stocks, we document that stock liquidity significantly decreases when a firm’s ownership by the BOJ increases. Increased ETF arbitrage activities significantly and partially mediate such effect. The commonality in liquidity across stocks and pricing inefficiency also increases with BOJ ownership. 

Konuşmacı Hakkında: Izidin El Kalak is an Associate Professor in Finance at Cardiff Business School. Prior to joining Cardiff University, he worked at Kent Business School, UK. He holds a PhD in Finance from Hull Business School, UK (2016). He also received an MSc degree (with Distinction) in Financial Management (2011) and a BSc in Economics (2007). His main research interests are in the areas of empirical corporate finance, governance, managerial behaviour, and renewable energy investments. He has published in journals such as European Financial Management, Energy Economics, Journal of Economic Behavior and Organization, Review of Quantitative Finance and Accounting, International Review of Financial Analysis, among others.

CCLLAB İklim Değişikliği ve Hukuk Seminerleri – Kate Mackintosh

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