Start Date
October 2024
End Date
October 2024
Location
Beacom Hall Room 208
Submission Type
Abstract
Track
Accounting and Finance
Abstract
Using a unique and comprehensive measure of political stability, we evaluate the relationship between countries’ political stability and stock market performance around the world from 2000 to 2022. We find this risk factor is unique relative to other well-established risk factors across emerging and developed markets and that it is a priced risk factor in emerging countries.
Political Stability as a Risk Factor in Global Markets
Beacom Hall Room 208
Using a unique and comprehensive measure of political stability, we evaluate the relationship between countries’ political stability and stock market performance around the world from 2000 to 2022. We find this risk factor is unique relative to other well-established risk factors across emerging and developed markets and that it is a priced risk factor in emerging countries.
