The Real Effects of Political Uncertainty: Elections and Investment Sensitivity to Stock Prices

By Artyom Durnev. 2010

180 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/86e64bdc14dcc466d12e916c0a1efeffc16724c3

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In Accounting

1. Sadok El Ghoul
2. Omrane Guedhami
3. L. Frésard
4. Marina Papanastassiou
5. Yan Luo
6. Malte Janzen
7. M. Camacho‐Miñano
8. Quang Nguyen

In Economics and Econometrics

1. Marina Papanastassiou
2. Yan Luo
3. Malte Janzen
4. M. Camacho‐Miñano
5. Quang Nguyen
6. Sadok El Ghoul
7. Omrane Guedhami
8. Chenyang Zhang

Citations in the corpus

• Policy uncertainty, derivatives use, and firm-level FDI (2017, background): “Other studies use the country’s risk level (Asiri, 2014; Kim, Papanastassiou, & Nguyen, 2016) or change in political regimes (Durnev, 2010).”
• Policy uncertainty, investment, and the cost of capital (2018, background): “Durnev (2011) finds that the decrease in investment-price sensitivity during U.”
• Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (2013, unknown): “Durnev (2012) examines firm investment around national elections in an international setting and finds that investment is less sensitive to stock prices in election years.”
• Policy Uncertainty in Japan (2017, unknown): “Beyond the Japanese context, Durnev (2012), Julio and Yook (2012, 2016), Giavazzi and McMahon (2012) and Kelly, Pastor and Veronesi (2016) investigate the effects of election-related uncertainty on corporate investment, international capital flows, precautionary savings, and stock price volatility.”
• Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis (2012, methodology): “Hence we follow another approach, similar to that used in Durnev (2010).24 To identify firms that experience a large increase in their investment-price sensitivity after they cross-list, we re-estimate the baseline regression (1) without controlling for the interaction between stock prices (Q) and…”
• The impact of SME’s pre-bankruptcy financial distress on earnings management tools (2015, background): “…& Parbonetti, 2011), strengthened accounting standards (Ewert &Wagenhofer, 2005), thefiscal and legal regime of the countries in which firms operate (Durnev, 2010; Enomoto et al., in press), firm’s stock prices (Badertscher, 2011), audit quality (Burnett, Cripe, Martin, & McAllister, 2012),…”
• Policy Uncertainty and Corporate Investment (2015, unknown): “5See for example Julio and Yook (2012) and Durnev (2010). monetary policy.”
• Policy uncertainty and corporate credit spreads (2020, unknown): “…outcomes, but also can act as a hedge against government policy uncertainty (see the literature on corporate lobbying and political connections: Durnev (2010); Boutchkova et al. (2012); Julio and Yook (2012); Pastor and Veronesi (2012); Pastor and Veronesi (2013); Brogaard et al. (2015); Jens…”
• Economic policy uncertainty and stock price crash risk (2020, background): “Most existing studies have focused on the impact of economic policy uncertainty on corporate investment behavior as well as investment efficiency (Bernanke, 1983; Rodrik, 1991; Leahy and Whited, 1995; Bloom et al., 2007; Bloom, 2009; Julio and Yook, 2012; Durnev, 2010; Jens, 2017).”