Jung, Seungho; Lee, Jongmin; Lee, Seohyun - 2021
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has … index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the … meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and …