We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has … meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and … diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns …

that changes in risk positively predict future stock returns. The countries with the highest increase in geopolitical …Using a news-based gauge of geopolitical risk, we study its role for asset pricing in global emerging markets. We find …

returns. By estimating the exposure of commodity futures returns on a geopolitical risk index, we find that commodities with … high-risk beta generate 7.92% higher annual returns than those with low-risk beta. The results indicate that high …In this study, we investigate whether geopolitical risk is a pricing factor in cross-sectional commodity futures …

We examine the role of geopolitical risk in the cross-sectional pricing of cryptocurrencies. We calculate … cryptocurrency exposure to changes in the geopolitical risk index and document that coins with the lowest geopolitical beta … outperform those with high geopolitical beta. Our findings suggest that risk-averse investors require additional compensation as …