Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Asian company stock reactions to the 2016 US election surprise |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Language |
|
| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 43 |
| Date | 2017 |
| Abstract Text | This paper investigates Japanese and Chinese stock reactions to the 2016 US Election surprise from three perspectives: foreign revenue, foreign ownership and exchange rate exposure. It is found that companies which depend less on foreign revenue and expose less to JPY/USD or CNY/USD fluctuations but have higher fraction of foreign ownership outperformed in the very short term. The situation reversed in a longer term, when foreign-dependent equities outperformed instead. Comparably, Japanese stocks reacted more strongly than Chinese stocks. Tracing the link between stock reactions and US ownership, this paper discovers a potential capital inflow and outflow during the time horizon. |
| Export |
BibTeX
|