search query: @author Liew, J. / total: 2
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| Author: | Diamonte, R. Liew, J. Stevens, R. |
| Title: | Political risk in emerging and developed markets |
| Journal: | Financial Analysts' Journal
1996 : MAY/JUN, VOL. 52:3, p. 71-76 |
| Index terms: | MARKETS POLITICAL RISKS STOCK RETURNS |
| Language: | eng |
| Abstract: | Political risk represents a more important determinant of stock returns in emerging than in developed markets. Using analyst estimates of political risk, the authors show that average returns in emerging markets experiencing decreased political risk exceed those of emerging markets experiencing increased political risk by approximately 11 percent a quarter. In contrast, The difference is only 2.5 percent a quarter for developed markets. Furthermore, the difference between the impact of political risk in emerging and developed markets is statistically significant. |
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