Pricing Protest : The Response of Financial Markets to Social Unrest.
Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative abnormal returns over a two-week event window. This dr...
| Μορφή: | Επιστημονικό περιοδικό |
|---|---|
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2021.
|
| Σειρά: | IMF Working Papers; Working Paper ;
No. 2021/079 |
| Θέματα: | |
| Διαθέσιμο Online: | Full text available on IMF |