The political risk factor in emerging, frontier, and developed stock markets
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- 作者：Nebojsa Dimic ; nebojsa.dimic@uva.fi" class="auth_mail" title="E-mail the corresponding author ; dnebojsa@uva.fi" class="auth_mail" title="E-mail the corresponding author ; Vitaly Orlov1 ; vorlov@uva.fi" class="auth_mail" title="E-mail the corresponding author ; Vanja Piljak vanja.piljak@uva.fi" class="auth_mail" title="E-mail the corresponding author
- 关键词：Political risk ; Stock returns ; Frontier and emerging markets
- 刊名：Finance Research Letters
- 出版年：2015
- 出版时间：November 2015
- 年：2015
- 卷：15
- 期：Complete
- 页码：239-245
- 全文大小：244 K
文摘
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We examine how determinants of the political risk factor affect stock returns.
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We analyze three market categories (developed, emerging and frontier stock markets).
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Government action is common source of political risk in all market categories.
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Source of political risk that is unique to frontier markets is government stability.