Using a measure of global political risk, relative to the U.S., that captures unexpected political conditions, we show … that political risk is priced in the cross section of currency momentum and contains information beyond other risk factors … such strategies are compensated for the exposure to the global political risk of those currencies they hold, i.e., the past …

show lower credit default swap (CDS) spreads, they also exhibit flatter CDS implied credit curves. This implies a risk …

Political risk, one of the most significant uncertainty shocks, affects firms' future attitudes toward risks and plays … a crucial role in their decision making. A stock price crash risk is a classical topic in financial markets; therefore …, this paper probes the relationship between firm-level political risk and stock price crash risk based on a sample of …

assets as global investors don't require a risk premium for bearing global idiosyncratic volatility and that benefits from …

This article studies the economic factors behind corporate default risk premia in Europe during the period 2006 … creditworthiness of the bond issuer from their remuneration for the risk that the bond's price will drop in the event of default. Our … results show that the risk premia associated with systematic factors influencing default arrivals represent approximately 40 …