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1.

Budget Deficits and Stock market returns : Evidence from Ghana Emmanuel Joel Aikins Abakah, Frank Adusah-Poku Journal of Finance and Economics. 2016 4 (4). doi: 10.12691/jfe-4-4-3 Keywords: budget deficits, stock market returns , Ghana, VAR framework, granger causality Context: ...dition. Thus, this study aims to provide empirical evidence regarding the causality between real budget deficits and real stock market returns in Ghana. We investigate whether changes in budget deficits cause changes in stock prices using monthly data adjusted for infla... Abstract Full Text (PDF) [Epub] Full Text (HTML)

2.

Inflation and Stock market returns Volatility: Evidence from the Nigerian Stock Exchange 1995Q1-2016Q4: An E-GARCH Approach Joseph Tarza Sokpo, Paul Terhemba Iorember, Terzungwe Usar International Journal of Econometrics and Financial Management. 2017 5 (2). doi: 10.12691/ijefm-5-2-6 Keywords: inflation, stock market returns , Exponential Generalized Autoregressive Conditional Heteroskedasticity (E-GARCH) Context: The paper investigated the effect of inflation on stock market returns on the Nigerian stock exchange market, employing a volatility modeling approach. Using monthly data on stock market returns and... Abstract Full Text (PDF) [Epub] Full Text (HTML)

3.

Political Cycles, Investor Sentiment, and Stock market returns Frederick Adjei, Mavis Adjei Journal of Finance and Economics. 2017 5 (1). doi: 10.12691/jfe-5-1-1 Keywords: political cycles, investor sentiment, stock market returns Context: In this study, we examine the relationships among political cycles, investor sentiment, and stock market returns . We uncover that the variable: change in investor sentiment levels, is a mediator for the relationship between po... Abstract Full Text (PDF) [Epub] Full Text (HTML)

4.

The Relationship between Trading Volume, Volatility and Stock market returns : During a Pre- and Post Revolution on Tunisian Stock Exchange Othman Mnari International Journal of Global Energy Markets and Finance. 2019 2 (1). doi: 10.12691/ijgefm-2-1-1 Keywords: trading volume, return volatility, Tunisian stock market, GARCH model Context: This paper investigates the relationships between trading volume, volatility and stock market returns , by using daily data of the Tunisian stock exchange, during its pre and post revolution period from January 2006 to December 20... Abstract Full Text (PDF) [Epub] Full Text (HTML)

5.

Market Ambiguity and Returns Frederick Adjei, Mavis Adjei Journal of Finance and Economics. 2025 13 (3). doi: 10.12691/jfe-13-3-3 Keywords: market ambiguity, market returns , conditional mean, risk-return tradeoff, GARCH effects, return predictors, future market returns, Knightian uncertainty Context: Using a GARCH-M model, we examine the effect of the level of ambiguity in the stock market on the conditional mean of market returns . Additionally, we investigate the predictive power of the level of ambiguity expected market returns. The results of the... Abstract Full Text (PDF) [Epub] Full Text (HTML)

6.

Re-examining the Higher Predictive Power of D/P and E/P during Recessions Frederick Adjei Journal of Finance and Economics. 2019 7 (1). doi: 10.12691/jfe-7-1-4 Keywords: predictive power of D/P and E/P Context: ...iods resulting in the D/P increase during recessions. This increase in D/P during recessions is correlated with the increase in market returns following recessions. However, we find no significant difference in means of E/P between recession and expansion periods. Addit... Abstract Full Text (PDF) [Epub] Full Text (HTML)

7.

Trade Policy Uncertainty, Market Return, and Expected Return Predictability Frederick Adjei, Mavis Adjei Journal of Finance and Economics. 2021 9 (3). doi: 10.12691/jfe-9-3-2 Keywords: Trade Policy Uncertainty Context: ...policy uncertainty in the U.S. economy, we study the impact of the level of trade policy uncertainty on the conditional mean of market returns . Additionally, we investigate the predictive power of trade policy uncertainty on future market returns. Our findings show that... Abstract Full Text (PDF) [Epub] Full Text (HTML)