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 …

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 …