Corpus ID: 152417319

The Impact of Political Risk on Equity Market Performance

@inproceedings{Tolstova2015TheIO,
  title={The Impact of Political Risk on Equity Market Performance},
  author={Elina Tolstova and Jana Kapolkov{\'a}},
  year={2015}
}
  • 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
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