Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics
Title | Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics PDF eBook |
Author | Seungho Jung |
Publisher | International Monetary Fund |
Pages | 36 |
Release | 2021-10-22 |
Genre | Business & Economics |
ISBN | 1557759677 |
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.
The Impact of Political Risk on the Volatility of Stock Returns : the Case of Canada
Title | The Impact of Political Risk on the Volatility of Stock Returns : the Case of Canada PDF eBook |
Author | Cosset, Jean-Claude |
Publisher | Québec : Faculté des sciences de l'administration de l'Université Laval, Direction de la recherche |
Pages | 34 |
Release | 2003 |
Genre | |
ISBN | 9782895241652 |
Political Risk and Stock Returns
Title | Political Risk and Stock Returns PDF eBook |
Author | Hua He |
Publisher | |
Pages | 134 |
Release | 1999 |
Genre | Stocks |
ISBN |
Intelligent Computing, Information and Control Systems
Title | Intelligent Computing, Information and Control Systems PDF eBook |
Author | A. Pasumpon Pandian |
Publisher | Springer Nature |
Pages | 748 |
Release | 2019-10-18 |
Genre | Technology & Engineering |
ISBN | 3030304655 |
From past decades, Computational intelligence embraces a number of nature-inspired computational techniques which mainly encompasses fuzzy sets, genetic algorithms, artificial neural networks and hybrid neuro-fuzzy systems to address the computational complexities such as uncertainties, vagueness and stochastic nature of various computational problems practically. At the same time, Intelligent Control systems are emerging as an innovative methodology which is inspired by various computational intelligence process to promote a control over the systems without the use of any mathematical models. To address the effective use of intelligent control in Computational intelligence systems, International Conference on Intelligent Computing, Information and Control Systems (ICICCS 2019) is initiated to encompass the various research works that helps to develop and advance the next-generation intelligent computing and control systems. This book integrates the computational intelligence and intelligent control systems to provide a powerful methodology for a wide range of data analytics issues in industries and societal applications. The recent research advances in computational intelligence and control systems are addressed, which provide very promising results in various industry, business and societal studies. This book also presents the new algorithms and methodologies for promoting advances in common intelligent computing and control methodologies including evolutionary computation, artificial life, virtual infrastructures, fuzzy logic, artificial immune systems, neural networks and various neuro-hybrid methodologies. This book will be pragmatic for researchers, academicians and students dealing with mathematically intransigent problems. It is intended for both academicians and researchers in the field of Intelligent Computing, Information and Control Systems, along with the distinctive readers in the fields of computational and artificial intelligence to gain more knowledge on Intelligent computing and control systems and their real-world applications.
Political Risk and Stock Returns in Indonesia
Title | Political Risk and Stock Returns in Indonesia PDF eBook |
Author | Paulina Yuritha Amtiran |
Publisher | |
Pages | 6 |
Release | 2017 |
Genre | |
ISBN |
Objective - The research aims to find the relationship between the political risk with stock returns. Methodology/Technique - Using the purposive sampling, secondary data on 30 companies listed in Indonesia Stock Exchange (BEI) of the year 2007-2015. Analysis technique used is weighted least square regression. Findings - The results of study Political risks significantly positively associated with stock returns. These results imply a change from the shock of political risk will affect cost of capital of the company increased, causing the company's stock price will go up which in the end impact on improving the company's stock returns obtained. Novelty - The study implies Shock due to the change of political risk has a direct impact on the company's financial condition primarily of the cost of capital companies because it involves policy and investment decisions are made in Indonesia. Type of Paper: Empirical.
Political Risk and Stock Returns
Title | Political Risk and Stock Returns PDF eBook |
Author | David Backus |
Publisher | |
Pages | 53 |
Release | 1991 |
Genre | Bonds |
ISBN |
Political Risk and Stock Market Returns
Title | Political Risk and Stock Market Returns PDF eBook |
Author | Jonathan K. Pedde |
Publisher | |
Pages | 72 |
Release | 2014 |
Genre | |
ISBN |