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Hurting without hitting: The economic cost of political tension
16 references·0 citing·44 second hop
Hurting without hitting: The economic cost of political tension (2017)Hurting without hitting: The economic cos…The Price of Political Uncertainty: Theory and Evidence from the Option Market (2014)The Price of Political Uncert…Political uncertainty and risk premia (2013)Political uncertainty and ris…Measuring Economic Policy Uncertainty (2013)Measuring Economic Policy Unc…Really Uncertain Business Cycles (2012)Really Uncertain Business Cyc…Political Uncertainty and Corporate Investment Cycles (2012)Political Uncertainty and Cor…Collateral Damage: Trade Disruption and the Economic Impact of War (2010)Collateral Damage: Trade Disr…The Impact of Uncertainty Shocks (2009)The Impact of Uncertainty Sho…Cultural Biases in Economic Exchange? * (2009)Cultural Biases in Economic E…Make Trade Not War? (2008)Make Trade Not War?The Impact of Uncertainty Shocks (2007)The Impact of Uncertainty Sho…Politically Connected Firms (2006)Politically Connected FirmsThe Economic Costs of Conflict: A Case Study of the Basque Country (2003)The Economic Costs of Conflic…Estimating the Value of Political Connections (2001)Estimating the Value of Polit…Stock Market Overreactions to Bad News in Good Times: A Rational Expectations Equilibrium Model (1999)Stock Market Overreactions to…Event Studies in Economics and Finance (1997)Event Studies in Economics an…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)Corporate Governance in Asia: A Survey (2002)Corporate ownership structure and the informativeness of accounting earnings in East Asia (2002)Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis (2003)Political Connections and Corporate Bailouts (2006)What you export matters (2006)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The arbitrage theory of capital asset pricing (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices (2000)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Tobin's Marginal q and Average q: A Neoclassical Interpretation (1982)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Measuring Uncertainty (2015)Measuring Economic Policy Uncertainty* (2016)Measuring Geopolitical Risk (2022)Economic Growth in a Cross Section of Countries (1991)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Poverty, Political Freedom, and the Roots of Terrorism (2006)Civil War (2010)Comparative Politics and the Synthetic Control Method (2014)Law and Finance (1998)Birds of a Feather: Homophily in Social Networks (2001)Gravity with Gravitas: A Solution to the Border Puzzle (2003)Beyond the Glass Ceiling: Does Gender Matter? (2011)The Slave Trade and the Origins of Mistrust in Africa (2011)Culture and Institutions (2015)The separation of ownership and control in East Asian Corporations (2000)The ultimate ownership of Western European corporations (2002)Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market (2005)Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆ (2007)Protection For Sale (1992)Distributive Politics and Economic Growth (1994)Uncertainty about Government Policy and Stock Prices (2012)The Asset-Pricing Implications of Government Economic Policy Uncertainty (2015)Carbon Tail Risk (2018)Legal Determinants of External Finance (1997)Corporate Ownership Around the World (1999)Policy Uncertainty and Corporate Investment (2015)
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References

  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 2009The Impact of Uncertainty Shocks5,941 cited
  • 1997Event Studies in Economics and Finance4,623 cited
  • 2003The Economic Costs of Conflict: A Case Study of the Basque Country4,514 cited
  • 2006Politically Connected Firms4,073 cited
  • 2001Estimating the Value of Political Connections2,988 cited
  • 2013Political uncertainty and risk premia2,375 cited
  • 2012Political Uncertainty and Corporate Investment Cycles2,148 cited
  • 2007The Impact of Uncertainty Shocks2,111 cited
  • 2009Cultural Biases in Economic Exchange? *2,007 cited
  • 1999Stock Market Overreactions to Bad News in Good Times: A Rational Expectations Equilibrium Model997 cited
  • 2013Measuring Economic Policy Uncertainty858 cited
  • 2012Really Uncertain Business Cycles613 cited
  • 2008Make Trade Not War?590 cited
  • 2010Collateral Damage: Trade Disruption and the Economic Impact of War545 cited
  • 2014The Price of Political Uncertainty: Theory and Evidence from the Option Market391 cited

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