Using mostly theoretical models and traditional risk/uncertainty measures (VIX index, panic, precaution, scary bad news …, etc.), the current literature tries to clarify the risk/uncertainty-deleveraging pattern. The findings are not sufficient … to explain the dynamic empirical relationship between modern risk/uncertainty indicators and leverage. We fill this gap …

chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This … risk aversion profile and put more effort in monitoring firm activities than men in the financial matter domains. A number …

Purpose - This paper aims to consider the role of geopolitical risk in explaining tourism demand in India, a major … tourist destination of the Asian region. Furthermore, the study also considers how in addition to geopolitical risk, economic …/methodology/approach - The Bayer and Hanck (2013) method of cointegration is applied to explore the relationship between geopolitical risk and …

We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has … risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK … index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the …

Russian market is the highest receiver. Since stock market synchronization is exposed to geopolitical risk, at the second … geopolitical risk (GPR). The findings affirm our proposition that GPR impedes TCI when it has a bullish state and a higher quantile …

We present a monthly indicator of geopolitical risk based on a tally of newspaper articles covering geopolitical … tensions, and examine its evolution and effects since 1985. The geopolitical risk (GPR) index spikes around the Gulf War, after … geopolitical risk leads to a decline in real activity, lower stock returns, and movements in capital flows away from emerging …