This study examines whether crackdown on political corruption in China affects future stock price crashes. Using data from corruption-related prosecutions, we find that firms under prosecuted official jurisdictions experience a significant decrease in crash risk after the crackdown....

On November 8, 2016, the Indian government made a surprise announcement that certain currency notes (representing 86% of the currency then in circulation) would no longer be legal tender (although they could be deposited in banks over a limited period). The stated reason for this sudden...

This study explores the relationship between political stability, government effectiveness and corruption on stock market performance using the panel VECM model for South Asian countries from 1989-2015. In order to determine, the directional relationship, the Granger Causality test is being...