Does risk aversion drive financial crises? Testing the predictive power of empirical indicators
Integrity signals
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Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The flow pattern during the COVID-19 market crash is consistent with a flight-to-quality effect.
“We find a similar ‘flight-to-quality’ effect during the COVID-19 pandemic-induced market crash - investors withdraw 9.96% more from the one-globe funds than the five-globe funds during the market crash.”
From Sustainable mutual fund performance and flow in the recent years through the COVID-19 pandemic (2022) · cites this paper as Coudert & Gex, 2008
The finding that higher-globe funds experience less outflow during the crash is consistent with the flight-to-quality phenomenon reported in the literature.
“This is consistent with the ‘flight to quality’ phenomena reported in the literature (Coudert & Gex, 2008; Parida & Wang, 2018 and Pástor & Vorsatz, 2020).”
From Sustainable mutual fund performance and flow in the recent years through the COVID-19 pandemic (2022) · cites this paper as Coudert & Gex, 2008
Financial crises coincide with risk aversion or a flight toward safe-haven asset classes and investment strategies.
“Financial crises coincide with a period of risk aversion or a flight towards safe-haven asset classes/ investment strategies (Coudert & Gex, 2008).”
From Sustainable mutual fund performance and flow in the recent years through the COVID-19 pandemic (2022) · cites this paper as Coudert & Gex, 2008
Cites
CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*
Sharpe, W. F. (1964) · The Journal of Finance · doi:10.1111/j.1540-6261.1964.tb02865.x · Cited by 19,441 · see citing works
SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*
Lintner, J. (1965) · The Journal of Finance · doi:10.1111/j.1540-6261.1965.tb02930.x · Cited by 2,452 · see citing works
Flagged first, then by citations
Cited by
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The erosion of colonial trade linkages after independence
Head, K., Mayer, T., & Ries, J. (2010) · Journal of International Economics · doi:10.1016/j.jinteco.2010.01.002 · Cited by 1,089 · see citing works
Sustainable mutual fund performance and flow in the recent years through the COVID-19 pandemic
Fang, F., & Parida, S. (2022) · International Review of Financial Analysis · doi:10.1016/j.irfa.2022.102387 · Cited by 51 · see citing works
- Authors
- Coudert, V., & Gex, M.
- Affiliations
- Banque de France (FR)
- Corresponding author
- Gex, Mathieu
- ORCID
- Coudert, Virginie
- Venue
- Journal of Empirical Finance
- Publisher
- Elsevier BV
- Published
- 2008-03
- Volume
- 15
- Issue
- 2
- Pages
- 167-184
- ISSN
- 0927-5398 (ISSN-L)
- OpenAlex
- W2031508824
- Cited by
- 217
- References
- 2
- Citations by year
- 2026: 5 · 2025: 9 · 2024: 8 · 2023: 9 · 2022: 8 · 2021: 11 · 2020: 12 · 2019: 12 · 2018: 6 · 2017: 8 · 2016: 10 · 2015: 13 · 2014: 8 · 2013: 13 · 2012: 17
- FWCI
- 31.94
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Empirical Finance (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Global Financial Crisis and Policies
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Risk and Volatility Modeling
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
- Keywords
- financial crisis, crisis prediction, leading indicators, stock market crises, currency crises, logit model
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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