아프리카ㆍ중동
연구정보
[경제] Pricing Protest: The Response of Financial Markets to Social Unrest
이집트 국외연구자료 연구보고서 - IMF 발간일 : 2021-03-19 등록일 : 2021-05-08 원문링크
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 drop is more pronounced for events that last longer and for events that happen in emerging markets. Stronger institutions, particularly better governance and more democratic systems, mitigate the adverse impact of social unrest on stock market returns.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] West African Economic and Monetary Union : Selected Issues | 2021-05-08 |
|---|---|---|
| 다음글 | [경제] Education and Health for Inclusiveness | 2021-05-08 |
