This survey starts by reviewing the literature investigating whether political connectedness of
companies creates wealth for their shareholders. It then moves on to examine whether there …

We empirically analyze the pricing of political uncertainty, guided by a theoretical model of
government policy choice. To isolate political uncertainty, we exploit its variation around …

Using the news-based measure of Baker et al.[Baker SR, Bloom N, Davis SJ (2013)
Measuring economic policy uncertainty. Working paper, Stanford University, Stanford, CA] to …

We develop a general equilibrium model of government policy choice in which stock prices
respond to political news. The model implies that political uncertainty commands a risk …

This paper investigates how political uncertainty interacts with an international firm's climate
risk in affecting the stock market. Using firms from 34 countries, we employ the presidential …

We document cycles in corporate investment corresponding with the timing of national
elections around the world. During election years, firms reduce investment expenditures by …

This article focuses on the interactions between politics and financial markets in emerging
economies. More precisely, it examines how Wall Street reacts to major Latin American …

Purpose This study aims to support and extend signalling theory because of information
asymmetry. This study also aims to answer the call to further negative signalling and explore …

This paper investigates a sample of 27 OECD countries to test whether national elections
induce higher stock market volatility. It is found that the country-specific component of index …

This study examines the impacts of democracy and political risk on stock market. Using
annualized panel data for 49 emerging markets for 2000–2012 we find evidence that …