The Explanatory Power of Political Risk in Emerging Markets
There is substantial argument that political risk is an important and increasing influence on international portfolio allocation decisions. The purpose of this paper is to investigate the relation between political risk and stock returns within the context of emerging markets. The issue is examined using a framework that controls for global and other local return influences. Consistent with the paper's predictions, the findings reveals that political risk is more important in explaining return...[Show more]
|Collections||ANU Research Publications|
|Source:||International Review of Financial Analysis|
|Workingpaper99-04.pdf||179.39 kB||Adobe PDF|
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