| dc.contributor.author | Lehkonen, Heikki | |
| dc.contributor.author | Heimonen, Kari | |
| dc.date.accessioned | 2016-02-19T07:55:01Z | |
| dc.date.available | 2018-06-24T21:35:33Z | |
| dc.date.issued | 2015 | |
| dc.identifier.citation | Lehkonen, H., & Heimonen, K. (2015). Democracy, political risks and stock market performance. <i>Journal of International Money and Finance</i>, <i>59</i>, 77-99. <a href="https://doi.org/10.1016/j.jimonfin.2015.06.002" target="_blank">https://doi.org/10.1016/j.jimonfin.2015.06.002</a> | |
| dc.identifier.other | CONVID_25319203 | |
| dc.identifier.other | TUTKAID_67921 | |
| dc.identifier.uri | https://jyx.jyu.fi/handle/123456789/48849 | |
| dc.description.abstract | 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 democracy and political risk do have impact on stock market returns and the relationship between democracy and political risk is parabolic, i.e., there is a threshold level of democracy after which political risk begins to decline. Also our results suggest that decreases in political risk lead to higher returns. | |
| dc.language.iso | eng | |
| dc.publisher | Elsevier Ltd. | |
| dc.relation.ispartofseries | Journal of International Money and Finance | |
| dc.subject.other | political risk | |
| dc.subject.other | stock market performance | |
| dc.title | Democracy, political risks and stock market performance | |
| dc.type | article | |
| dc.identifier.urn | URN:NBN:fi:jyu-201602191620 | |
| dc.contributor.laitos | Kauppakorkeakoulu | fi |
| dc.contributor.laitos | School of Business and Economics | en |
| dc.contributor.oppiaine | Basic or discovery scholarship | fi |
| dc.contributor.oppiaine | Taloustiede | fi |
| dc.contributor.oppiaine | Basic or discovery scholarship | en |
| dc.contributor.oppiaine | Economics | en |
| dc.type.uri | http://purl.org/eprint/type/JournalArticle | |
| dc.date.updated | 2016-02-19T07:15:06Z | |
| dc.type.coar | http://purl.org/coar/resource_type/c_2df8fbb1 | |
| dc.description.reviewstatus | peerReviewed | |
| dc.format.pagerange | 77-99 | |
| dc.relation.issn | 0261-5606 | |
| dc.relation.numberinseries | 0 | |
| dc.relation.volume | 59 | |
| dc.type.version | acceptedVersion | |
| dc.rights.copyright | © 2015 Elsevier Ltd. This is a final draft version of an article whose final and definitive form has been published by Elsevier. Published in this repository with the kind permission of the publisher. | |
| dc.rights.accesslevel | openAccess | fi |
| dc.subject.yso | demokratia | |
| dc.subject.yso | kehittyvät markkinat | |
| jyx.subject.uri | http://www.yso.fi/onto/yso/p742 | |
| jyx.subject.uri | http://www.yso.fi/onto/yso/p27277 | |
| dc.relation.doi | 10.1016/j.jimonfin.2015.06.002 | |
| dc.type.okm | A1 | |
