[{"_id":"29313","user_id":"21810","department":[{"_id":"186"},{"_id":"19"}],"keyword":["event study","international relations","protectionism","strategic trade policy","tariffs","trade conflict"],"language":[{"iso":"eng"}],"type":"working_paper","abstract":[{"text":"Employing a unique sample of 2,849 tariff imposition announcements by and against the United States (U.S.) over the period from 2018 to 2019, this study analyzes the impact of recent tariff announcements on share prices from 859 U.S. companies. We provide evidence for negative (cumulative) average abnormal stock returns due to tariff announcements during a symmetric three-day event window. We suggest that stock market investors expect adverse impacts of tariff impositions, e.g. a decrease in the companies’ future cash flows and a threat of retaliation. The negative wealth effects are observed irrespective of whether the Trump administration announces safeguard tariffs to protect domestic firms or a retaliation is declared by foreign countries. Moreover, building several subsamples, we find that the adverse impact is mostly driven by announcements involving China and is associated with a variety of sector, tariff, trade and firm characteristics. ","lang":"eng"}],"status":"public","date_updated":"2024-04-17T13:35:20Z","date_created":"2022-01-13T11:06:25Z","author":[{"last_name":"Wengerek","full_name":"Wengerek, Sascha Tobias","first_name":"Sascha Tobias"},{"first_name":"André","full_name":"Uhde, André","id":"36049","last_name":"Uhde","orcid":"https://orcid.org/0000-0002-8058-8857"}],"title":"Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict","year":"2021","citation":{"apa":"Wengerek, S. T., &#38; Uhde, A. (2021). <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>.","mla":"Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>. 2021.","bibtex":"@book{Wengerek_Uhde_2021, title={Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict}, author={Wengerek, Sascha Tobias and Uhde, André}, year={2021} }","short":"S.T. Wengerek, A. Uhde, Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict, 2021.","chicago":"Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>, 2021.","ieee":"S. T. Wengerek and A. Uhde, <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>. 2021.","ama":"Wengerek ST, Uhde A. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – an Event Study of the Trade Conflict</i>.; 2021."},"jel":["F14","F18","F23","F51"]},{"author":[{"full_name":"Wengerek, Sascha Tobias","id":"48837","orcid":"0000-0002-7820-3903","last_name":"Wengerek","first_name":"Sascha Tobias"}],"date_created":"2020-08-07T09:34:29Z","date_updated":"2022-01-06T06:53:17Z","main_file_link":[{"url":"https://ideas.repec.org/p/pdn/dispap/59.html"}],"title":"Share price reactions to tariff imposition announcements in the Trump era - An event study of the trade conflict","citation":{"ieee":"S. T. Wengerek, <i>Share price reactions to tariff imposition announcements in the Trump era - An event study of the trade conflict</i>. 2020.","chicago":"Wengerek, Sascha Tobias. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era - An Event Study of the Trade Conflict</i>, 2020.","ama":"Wengerek ST. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era - An Event Study of the Trade Conflict</i>.; 2020.","apa":"Wengerek, S. T. (2020). <i>Share price reactions to tariff imposition announcements in the Trump era - An event study of the trade conflict</i>.","bibtex":"@book{Wengerek_2020, title={Share price reactions to tariff imposition announcements in the Trump era - An event study of the trade conflict}, author={Wengerek, Sascha Tobias}, year={2020} }","short":"S.T. Wengerek, Share Price Reactions to Tariff Imposition Announcements in the Trump Era - An Event Study of the Trade Conflict, 2020.","mla":"Wengerek, Sascha Tobias. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era - An Event Study of the Trade Conflict</i>. 2020."},"jel":["F14","F18","F23","F51"],"page":"63","year":"2020","user_id":"48837","department":[{"_id":"186"}],"_id":"17703","language":[{"iso":"eng"}],"keyword":["event study","international relations","protectionism","strategic trade policy","tariffs","trade conflict"],"type":"working_paper","status":"public","abstract":[{"text":"Employing a unique sample of 2,849 tariff imposition announcements by and against the United States (U.S.) over the period from 2018 to 2019, this study analyzes the impact of recent tariff announcements on share prices from 859 U.S. companies. We provide evidence for negative (cumulative) average abnormal stock returns due to tariff announcements during a symmetric three-day event window. We suggest that stock market investors expect adverse impacts of tariff impositions, e.g. a decrease in the companies' future cash flows and a threat of retaliation. The negative wealth effects are observed irrespective of whether the Trump administration announces safeguard tariffs to protect domestic firms or a retaliation is declared by foreign countries. Moreover, building several subsamples, we find that the adverse impact is mostly driven by announcements involving China and is associated with a variety of sector, tariff, trade and firm characteristics.","lang":"eng"}]},{"_id":"29223","department":[{"_id":"445"}],"user_id":"89037","extern":"1","type":"journal_article","status":"public","date_updated":"2022-01-11T08:56:08Z","volume":47,"author":[{"first_name":"Korinna","full_name":"Schönhärl, Korinna","id":"89037","orcid":"0000-0002-7967-3261","last_name":"Schönhärl"}],"doi":"10.5771/0340-0425-2019-2-169","publication_identifier":{"issn":["0340-0425"]},"publication_status":"published","intvolume":"        47","page":"169-191","citation":{"ieee":"K. Schönhärl, “Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion,” <i>Leviathan</i>, vol. 47, no. 2, pp. 169–191, 2019, doi: <a href=\"https://doi.org/10.5771/0340-0425-2019-2-169\">10.5771/0340-0425-2019-2-169</a>.","chicago":"Schönhärl, Korinna. “Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion.” <i>Leviathan</i> 47, no. 2 (2019): 169–91. <a href=\"https://doi.org/10.5771/0340-0425-2019-2-169\">https://doi.org/10.5771/0340-0425-2019-2-169</a>.","ama":"Schönhärl K. Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion. <i>Leviathan</i>. 2019;47(2):169-191. doi:<a href=\"https://doi.org/10.5771/0340-0425-2019-2-169\">10.5771/0340-0425-2019-2-169</a>","bibtex":"@article{Schönhärl_2019, title={Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion}, volume={47}, DOI={<a href=\"https://doi.org/10.5771/0340-0425-2019-2-169\">10.5771/0340-0425-2019-2-169</a>}, number={2}, journal={Leviathan}, publisher={Nomos Verlag}, author={Schönhärl, Korinna}, year={2019}, pages={169–191} }","mla":"Schönhärl, Korinna. “Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion.” <i>Leviathan</i>, vol. 47, no. 2, Nomos Verlag, 2019, pp. 169–91, doi:<a href=\"https://doi.org/10.5771/0340-0425-2019-2-169\">10.5771/0340-0425-2019-2-169</a>.","short":"K. Schönhärl, Leviathan 47 (2019) 169–191.","apa":"Schönhärl, K. (2019). Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion. <i>Leviathan</i>, <i>47</i>(2), 169–191. <a href=\"https://doi.org/10.5771/0340-0425-2019-2-169\">https://doi.org/10.5771/0340-0425-2019-2-169</a>"},"keyword":["Political Science and International Relations","Linguistics and Language","Sociology and Political Science","Language and Linguistics"],"language":[{"iso":"ger"}],"publication":"Leviathan","abstract":[{"text":"Die Klage über mangelnde Steuermoral ist in der aktuellen Medienberichterstattung omnipräsent, aber sie ist nicht neu: Bereits kurz nach dem Zweiten Weltkrieg wurde bemängelt, die Deutschen in den westlichen Besatzungszonen hinterzögen ihre Steuern. Verfiel die westdeutsche Steuermoral schon damals? Wie veränderte sie sich im Zeitraum zwischen 1945 und 1953? Nach einem kurzen Überblick über die Geschichte der interdisziplinären Steuermoralforschung und einigen methodischen Überlegungen, wie Historiker*innen die Entwicklung der Steuermoral qualitativ untersuchen können, wird im vorliegenden Aufsatz der Diskurs um das Steuerzahlen in der Nachkriegszeit analysiert. Durch die Analyse von Zeitungsberichten und Parlamentsdebatten werden drei unterschiedliche, konkurrierende Narrative identifiziert, die geeignet waren, ganz verschiedene »policy windows« zu öffnen. Die historische Untersuchung zeigt, dass Narrative über das (ehrliche) Steuerzahlen immer mit bestimmten politischen Interessen verknüpft sind - und dass sie deshalb auch im aktuellen Diskurs über das (ehrliche) Steuerzahlen sorgfältig analysiert werden sollten. ","lang":"eng"}],"publisher":"Nomos Verlag","date_created":"2022-01-11T08:43:50Z","title":"Steuermoral in Westdeutschland nach dem Zweiten Weltkrieg. Eine diskursanalytische Rekonstruktion","quality_controlled":"1","issue":"2","year":"2019"},{"keyword":["event study","international relations","protectionism","strategic trade policy","tariffs","trade conflict"],"language":[{"iso":"eng"}],"_id":"36004","user_id":"21810","department":[{"_id":"186"},{"_id":"188"}],"abstract":[{"lang":"eng","text":"Employing a unique sample of 2,849 tariff imposition announcements by and against the United States (U.S.) over the period from 2018 to 2019, this study analyzes the impact of recent tariff announcements on share prices from 859 U.S. companies. We provide evidence for negative (cumulative) average abnormal stock returns due to tariff announcements during a symmetric three-day event window. We suggest that stock market investors expect adverse impacts of tariff impositions, e.g. a decrease in the companies' future cash flows and a threat of retaliation. The negative wealth effects are observed irrespective of whether the Trump administration announces safeguard tariffs to protect domestic firms or a retaliation is declared by foreign countries. Moreover, building several subsamples, we find that the adverse impact is mostly driven by announcements involving China and is associated with a variety of sector, tariff, trade and firm characteristics. "}],"status":"public","type":"working_paper","title":"Share price reactions to tariff imposition announcements in the Trump era – An event study of the trade conflict","publisher":"Paderborn University","date_updated":"2023-01-11T11:05:30Z","date_created":"2023-01-11T10:57:04Z","author":[{"full_name":"Wengerek, Sascha Tobias","last_name":"Wengerek","first_name":"Sascha Tobias"},{"id":"36049","full_name":"Uhde, André","last_name":"Uhde","first_name":"André"}],"year":"2019","jel":["F14","F18","F23","F51"],"citation":{"ama":"Wengerek ST, Uhde A. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – An Event Study of the Trade Conflict</i>. Paderborn University; 2019.","ieee":"S. T. Wengerek and A. Uhde, <i>Share price reactions to tariff imposition announcements in the Trump era – An event study of the trade conflict</i>. Paderborn University, 2019.","chicago":"Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – An Event Study of the Trade Conflict</i>. Paderborn University, 2019.","apa":"Wengerek, S. T., &#38; Uhde, A. (2019). <i>Share price reactions to tariff imposition announcements in the Trump era – An event study of the trade conflict</i>. Paderborn University.","short":"S.T. Wengerek, A. Uhde, Share Price Reactions to Tariff Imposition Announcements in the Trump Era – An Event Study of the Trade Conflict, Paderborn University, 2019.","bibtex":"@book{Wengerek_Uhde_2019, title={Share price reactions to tariff imposition announcements in the Trump era – An event study of the trade conflict}, publisher={Paderborn University}, author={Wengerek, Sascha Tobias and Uhde, André}, year={2019} }","mla":"Wengerek, Sascha Tobias, and André Uhde. <i>Share Price Reactions to Tariff Imposition Announcements in the Trump Era – An Event Study of the Trade Conflict</i>. Paderborn University, 2019."},"publication_status":"published"},{"year":"2019","issue":"4","title":"Kritische Systemtheorie und Kritische Theorie sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung","date_created":"2024-02-12T12:30:13Z","publisher":"Nomos Verlag","abstract":[{"lang":"eng","text":"<p>Die Systemtheorie und die Kritische Theorie sind Schulen, die Theoretikerinnen seit langem ein Zuhause bieten. In der Zeit ihres Bestehens kam es immer wieder zu Treffpunkten und Theoriekollisionen dieser beiden Traditionen des Denkens der Gesellschaft. Durch die hier entwickelte Metareflexion wird es möglich, zu analysieren, wie diese Theorietraditionen verbunden werden. Da sich die aktuelle Diskussion auf die Perspektive der Systemtheorie beschränkt, ist es notwendig, die Verbindung auch aus der Perspektive Kritischer Theorie zu debattieren. Denn erst die Unterscheidung der heute immer mehr ins Gespräch kommenden Kritischen Systemtheorie von der kaum diskutierten Kritischen Theorie sozialer Systeme macht es möglich, die volle Produktivität der Theoriekollisionen zu erkennen. Wir konzipieren unsere Metareflexion damit als eine Intervention im Sinne einer soziologischen Selbstkritik. Sie richtet sich gegen die Gefahr des theoretischen Dogmatismus und plädiert für die Öffnung der Kontingenz des eigenen Denkens der Gesellschaft. </p>"}],"publication":"Leviathan","language":[{"iso":"eng"}],"keyword":["Political Science and International Relations","Linguistics and Language","Sociology and Political Science","Language and Linguistics"],"citation":{"ama":"Alvear R, Haker C. Kritische Systemtheorie und Kritische Theorie sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung. <i>Leviathan</i>. 2019;47(4):498-513. doi:<a href=\"https://doi.org/10.5771/0340-0425-2019-4-498\">10.5771/0340-0425-2019-4-498</a>","chicago":"Alvear, Rafael, and Christoph Haker. “Kritische Systemtheorie Und Kritische Theorie Sozialer Systeme. Ein Plädoyer Für Eine Fruchtbare Unterscheidung.” <i>Leviathan</i> 47, no. 4 (2019): 498–513. <a href=\"https://doi.org/10.5771/0340-0425-2019-4-498\">https://doi.org/10.5771/0340-0425-2019-4-498</a>.","ieee":"R. Alvear and C. Haker, “Kritische Systemtheorie und Kritische Theorie sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung,” <i>Leviathan</i>, vol. 47, no. 4, pp. 498–513, 2019, doi: <a href=\"https://doi.org/10.5771/0340-0425-2019-4-498\">10.5771/0340-0425-2019-4-498</a>.","apa":"Alvear, R., &#38; Haker, C. (2019). Kritische Systemtheorie und Kritische Theorie sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung. <i>Leviathan</i>, <i>47</i>(4), 498–513. <a href=\"https://doi.org/10.5771/0340-0425-2019-4-498\">https://doi.org/10.5771/0340-0425-2019-4-498</a>","short":"R. Alvear, C. Haker, Leviathan 47 (2019) 498–513.","bibtex":"@article{Alvear_Haker_2019, title={Kritische Systemtheorie und Kritische Theorie sozialer Systeme. Ein Plädoyer für eine fruchtbare Unterscheidung}, volume={47}, DOI={<a href=\"https://doi.org/10.5771/0340-0425-2019-4-498\">10.5771/0340-0425-2019-4-498</a>}, number={4}, journal={Leviathan}, publisher={Nomos Verlag}, author={Alvear, Rafael and Haker, Christoph}, year={2019}, pages={498–513} }","mla":"Alvear, Rafael, and Christoph Haker. “Kritische Systemtheorie Und Kritische Theorie Sozialer Systeme. Ein Plädoyer Für Eine Fruchtbare Unterscheidung.” <i>Leviathan</i>, vol. 47, no. 4, Nomos Verlag, 2019, pp. 498–513, doi:<a href=\"https://doi.org/10.5771/0340-0425-2019-4-498\">10.5771/0340-0425-2019-4-498</a>."},"intvolume":"        47","page":"498-513","publication_status":"published","publication_identifier":{"issn":["0340-0425"]},"doi":"10.5771/0340-0425-2019-4-498","author":[{"last_name":"Alvear","full_name":"Alvear, Rafael","first_name":"Rafael"},{"first_name":"Christoph","last_name":"Haker","full_name":"Haker, Christoph","id":"104448"}],"volume":47,"date_updated":"2024-02-12T12:36:00Z","status":"public","type":"journal_article","user_id":"104448","department":[{"_id":"477"}],"_id":"51320"},{"date_updated":"2024-11-22T00:10:47Z","publisher":"Routledge","date_created":"2024-11-22T00:09:29Z","title":"The Routledge Handbook on the European Neighbourhood Policy","publication_identifier":{"isbn":["9781138913721"]},"publication_status":"published","related_material":{"link":[{"url":"https://www.routledge.com/The-Routledge-Handbook-on-the-European-Neighbourhood-Policy/Schumacher-Marchetti-Demmelhuber/p/book/9781138913721","relation":"table_of_contents"}]},"year":"2018","place":"Abingdon/New York","page":"554","citation":{"ieee":"T. Schumacher, A. Marchetti, and T. Demmelhuber, Eds., <i>The Routledge Handbook on the European Neighbourhood Policy</i>. Abingdon/New York: Routledge, 2018.","chicago":"Schumacher, Tobias, Andreas Marchetti, and Thomas Demmelhuber, eds. <i>The Routledge Handbook on the European Neighbourhood Policy</i>. Abingdon/New York: Routledge, 2018.","ama":"Schumacher T, Marchetti A, Demmelhuber T, eds. <i>The Routledge Handbook on the European Neighbourhood Policy</i>. Routledge; 2018.","short":"T. Schumacher, A. Marchetti, T. Demmelhuber, eds., The Routledge Handbook on the European Neighbourhood Policy, Routledge, Abingdon/New York, 2018.","mla":"Schumacher, Tobias, et al., editors. <i>The Routledge Handbook on the European Neighbourhood Policy</i>. Routledge, 2018.","bibtex":"@book{Schumacher_Marchetti_Demmelhuber_2018, place={Abingdon/New York}, title={The Routledge Handbook on the European Neighbourhood Policy}, publisher={Routledge}, year={2018} }","apa":"Schumacher, T., Marchetti, A., &#38; Demmelhuber, T. (Eds.). (2018). <i>The Routledge Handbook on the European Neighbourhood Policy</i>. Routledge."},"_id":"57318","user_id":"41561","keyword":["European Neighbourdhood Policy","European Union","International Relations"],"language":[{"iso":"eng"}],"type":"book_editor","abstract":[{"text":"The Routledge Handbook on the European Neighbourhood Policy provides a comprehensive overview of the EU’s most important foreign policy instrument, provided by leading experts in the field.\r\nCoherently structured and adopting a multidisciplinary approach, this handbook covers the most important themes, developments and dynamics in the EU’s neighbourhood policy framework through a series of cutting-edge contributions. With chapters from a substantial number of scholars who have been influential in shaping the study of the ENP, this handbook serves to encourage debates which will hopefully produce more conceptual as well as neighbourhood-specific perspectives leading to enriching future studies on the EU’s policies towards its neighbourhood.\r\nIt will be a key reference point both for advanced-level students, scholars and professionals developing knowledge in the fields of EU/European Studies, European Foreign Policy Analysis, Area studies, EU law, and more broadly in political economy, political science, comparative politics and international relations.","lang":"eng"}],"editor":[{"first_name":"Tobias","full_name":"Schumacher, Tobias","last_name":"Schumacher"},{"first_name":"Andreas","id":"41561","full_name":"Marchetti, Andreas","last_name":"Marchetti"},{"first_name":"Thomas","last_name":"Demmelhuber","full_name":"Demmelhuber, Thomas"}],"status":"public"}]