Aggregate and Idiosyncratic Political Risk: Measurement and Effects

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Text as Data (2017, background): “Hassan et al. (2017) measure political risk at the firm level by analyzing quarterly earnings call transcripts.”
Policy Uncertainty in Japan (2017, neutral): “The political uncertainty measure from Ito (2016) reflects the relative approval ratings of ruling and opposition parties.”
The pandemic and economic policy uncertainty (2020, background): “Alternatively, businesses may attempt to reduce the risks and effects of uncertainties by increasing their spending on lobbying (Hassan et al., 2019); this could allow them to at least partially manage their uncertainty by supporting individuals that aim for outcomes closer to their desires.”
The economic effects of trade policy uncertainty (2019, methodology): “2005q1 2010q1 2015q1 2020q1 Calendar Quarter Earnings Calls: Aggregate TPU Aggregate TPU from Hassan et al. Note: Aggregate TPU from earnings calls in this paper and in Hassan et al. (2017)”
Dissecting Climate Risks: Are they Reflected in Stock Prices? (2021, background): “Hassan et al. (2019) use conference calls to construct a climate policy risk factor, among the other types of political risks they consider. Li et al. (2020) and Sautner et al. (2020) construct factors by applying textual analysis to conference calls of publicly-listed firms and study their relation”
Firm-level Climate Change Exposure (2020, methodology): “Finally, we study the effects of the Covid-19 pandemic on our measures of climate change exposure.”