"This paper studies the relationship between civil war and private investment in a poor, resource abundant country … conflict, marked by the death of the rebel movement leader in 2002. We find that the stock market perceived this event as "bad … on the intensity of conflict, and find that moderate levels of violence increased the abnormal returns of the "Angolan …

the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …