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"Increased investment in money market funds tends to have a dampening effect on equity fund investment".
On the other hand, the study's authors warned, slowing the pace of buybacks "could have a negative effect on equity valuations".
Increased competition had no substantial effect on equity, either during the period of NHS 'under-funding' under a Conservative government in the 1990s or during the NHS 'golden age' of accelerating expenditure growth under a Labour government in the 2000s.
Similarly, the gravity of weaker growth will most likely overcome the levitational effect on equity prices from more quantitative easing, particularly given that equity valuations today are not as depressed as they were in 2009 or 2010.
That situation demonstrated clearly that a board cannot control exogenous factors like a U.S. presidential election's effect on equity markets, the trading strategies of arbitrageurs or the illogical thought processes of third party observers.
The downward trend in oil prices over the last two years has shown to have had a dampening effect on equity prices since the fallout began towards the end of 2014.
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Some market followers questioned the effectiveness of the short-selling bans, saying they would have little effect on equities.
But it is having a big impact wherever it is found, and the recent turmoil in global stock markets, although it may have cut the value of some compensation packages, is unlikely to have any long-term effect on equity-based pay.
And the yields on all euro-denominated securities will have to reflect investors' perception of greater risk.The effect on equities is harder to figure.
Interest rates typically decline as the Fed eases to combat the business slump, but the positive effect on equities is offset by disappointing earnings.
We also found that the law had other beneficial effects on equity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com