Precarious Politics and Return Volatility

By Maria Boutchkova, Hitesh Doshi, Artyom Durnev, Alexander P. Molchanov. 2012

496 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/d467e3fc8a79560e9c55a95b592f8e7a2c5e51c6

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Citations in the corpus

Political Uncertainty and Accounting Conservatism (2013, unknown): “Moreover, the discount rate can also be affected by uncertainty about future government policies (Brogaard and Detzel 2012).”
What Affects Innovation More: Policy or Policy Uncertainty? (2017, unknown): “Boutchkova et al. (2012) show that both national and global political uncertainty (e.g., national elections) leads to higher stock return volatility. Brogaard and Detzel (2012) find that economic policy uncertainty is negatively (positively) associated with contemporaneous (future) stock returns.”
Policy uncertainty and corporate credit spreads (2020, unknown): “Uncertainty about economic policies is obviously elevated during those periods when policy makers are (19)Prior studies examine how national elections impact stock return volatility across countries (Boutchkova et al. (2012)); how elections affect investment (Julio & Yook (2012)); how political unce”
Policy Uncertainty and Corporate Investment (2015, unknown): “6 See, for example, Boutchkova et al. (2012), Durnev (2010), Julio and Yook (2012), and Jens (2012).”
Global leverage adjustments, uncertainty, and country institutional strength (2018, background): “…outside investors increases (Durnev, 2011; Gungoraydinoglu, Colak, and Oztekin, 2017), (2) investors require higher risk premiums for financial assets (Pastor and Veronesi, 2012; 2013), and (3) the markets are more volatile (Bialkowski, Gottschalk, and Wisniewski, 2008; Boutchkova et al., 2012).”
Political uncertainty and stock market volatility in the Middle East and North African (MENA) countries (2014, result): “These results appear to be robust to model specifications and are consistent with prior studies such as Bailey and Chung (1995) and Boutchkova et al. (2012) on other stock markets, in that political uncertainty contributes to financial volatility.”
The Bright Side of Political Uncertainty: The Case of R&D (2015, background): “From the perspective of asset pricing, Boutchkova et al. (2012), Pastor and Veronesi (2012, 2013), Belo et al. (2013) and Brogaard and Detzel (2015) study the impact of politicaluncertainty on stock returns.”
Political Uncertainty and Corporate Investment Cycles (2012, unknown): “Boutchkova et al. (2010) find that the return volatility is higher around elections for firms operating in politically sensitive industries, suggesting that the increased volatility reflects a higher political risk.”
Oil shocks, policy uncertainty and stock market return (2013, unknown): “Boutchkova et al. (2012) relate political uncertainty to stock volatility.”
Political Uncertainty and Cost Stickiness: Evidence from National Elections around the World (2020, background): “Although empirical research primarily examines the impact of political uncertainty on financial markets (e.g., Erb et al., 1996; Boutchkova et al., 2012; Kelly et al., 2015), we share our focus with some studies estimating the real effects on corporate decisions (Fernandez-Villaverde et al.”