Political Uncertainty and Risk Premia
By Ľuboš Pástor, Pietro Veronesi. 2013
2,117 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/25d7e12856314fea1d3a0fa30619df56695bc702
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In Economics and Econometrics
- George Filis
- Rangan Gupta
- Stavros Degiannakis *
- Çiğdem Vural-Yavaş
- M. Balcılar
- Ronald A. Ratti
- Wensheng Kang
- Ioannis Chatziantoniou
In Finance
- Çiğdem Vural-Yavaş
- George Filis
- Rangan Gupta
- Ioannis Chatziantoniou
- Julian F. Kölbel
- D. Xiu
- Hieu V. Phan
- Po-Hsuan Hsu
Citations in the corpus
- The interactive relationship between the US economic policy uncertainty and BRIC stock markets (2016, background): “More precisely, during bad economic periods, a high economic policy uncertainty is highly linked to stock market volatility (see, among others, Pastor and Veronesi, 2013).”
- Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms (2017, background): “…why the political stability of a target firm’s country of origin can affect market reactions to cross-border M&As. Firstly, the level of political stability may affect investors’ risk perception, and thus lead to different market reactions (Bekaert, et al., 2014; Pástor & Veronesi, 2013; 2012).”
- Policy uncertainty, investment, and the cost of capital (2018, neutral): “, 2014; Gulen and Ion, 2016) and asset pricing (Pástor and Veronesi, 2013; Da et al., 2015).”
- Policy Uncertainty in Japan (2017, positive): “It displays moderately countercyclical fluctuations,6 perhaps because policymakers are more inclined to experiment with new policies in bad times (Pastor and Veronesi, 2013).”
- Political Uncertainty and Accounting Conservatism (2013, neutral): “For example, Pastor and Veronesi (2013), and Brogaard and”
- The pandemic and economic policy uncertainty (2020, background): “Under high EPU, the costs of financing, mergers and acquisitions, and IPOs are all negatively affected, and financing costs in particular (Colak, Durnev, & Qian, 2017; Jens, 2017; Kelly et al., 2016; Pástor & Veronesi, 2012, 2013), which is vital as corporations hold increasing amounts of debt.”
- Climate Regulatory Risks and Corporate Bonds (2020, positive): “For example, political uncertainty, such as modeled by Pastor and Veronesi (2013), can be an important source of climate risk, as provided by evidence in the Ilhan et al. (2020) study of regulatory uncertainty and stock option prices.”
- Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response? (2015, neutral): “8See, for example, French, Schwert, and Stambaugh (1987); Schwert (1989); Nelson (1991); Campbell and Hentschel (1992); Engle and Ng (1993), and Whaley (2000).”
- Structural oil price shocks and policy uncertainty (2013, background): “Gilchrist et al. (2010) and Pastor and Veronesi (2012a, 2012b) find that policy uncertainty drives up the cost of finance, intensifying disinvestment and economic contraction. economy by changing relative prices, affecting inflation, and redistributing income with consequences for consumption,…”
- Policy Uncertainty and Mergers and Acquisitions (2017, positive): “Stock and Watson (2012), Julio and Yook (2012), and Gulen and Ion (2016) argue that uncertainty related to tax, government spending, and regulatory and monetary policies hampers the post– Great Recession economic recovery.”