Corpus ID: 152417319

The Impact of Political Risk on Equity Market Performance

  title={The Impact of Political Risk on Equity Market Performance},
  author={Elina Tolstova and Jana Kapolkov{\'a}},
  • Elina Tolstova, Jana Kapolková
  • Published 2015
  • Economics
  • This paper investigates the impact of political risk on financial performance. In order to assess the quantitative measure of political risk principal component analysis is performed referring to six indicators, which measure different areas of political environment. We employ several macroeconomic factors as control variables to strenghten the explanatory power of estimation. Panel data methods are used to test the impact of political risk. It turns out that political risk is not priced in… CONTINUE READING
    2 Citations

    Figures and Tables from this paper


    Macroeconomic Factors and Stock Market Movement: Evidence from Ghana
    • 135
    • PDF
    What are the risks when investing in thin emerging equity markets: Evidence from the Arab world
    • 44
    • Highly Influential
    "Information effect" of economic news: SPI futures
    • 14
    Models of political risk for foreign investment and trade: An assessment of three approaches
    • 150
    Politics and the stock market: Evidence from Germany
    • 75
    • Highly Influential
    • PDF
    Macroeconomic Policy in a Two-Party System as a Repeated Game
    • 1,168
    • Highly Influential
    • PDF
    Robustness checks and robustness tests in applied economics
    • 135
    • Highly Influential
    • PDF