Firms with high sensitivity to economic uncertainty (uncertainty beta) can be desirable for the investors as a hedging tool, which increases the demand for these stocks. High sensitivity to economic uncertainty can alleviate the flow-driven trading (price) pressure created by mutual funds when...

Firms with high political sentiment can be desirable for the investors as a hedging tool against political risk, which increases the demand for their stocks. Our analyses show that political sentiment can alleviate the flow-driven trading pressure created by mutual funds when they sell their...