Detail Politics, Stock Markets, and Model Uncertainty Bibliografi Author: Arin, K. Peren ; Molchanov, Alexander ; Otto F. M. Reich Topik: Panel BMA; Excess returns; Stock market volatility Bahasa: (EN )     Penerbit: Springer-Verlag     Tempat Terbit: Berlin    Tahun Terbit: 2012     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: art_10.1007_s00181-012-0601-5 - POLITIC, STOCK MARKETS.pdf (202.6KB; 1 download) [Informasi yang berkaitan dengan koleksi ini di internet] Abstract The available evidence on the effects of political variables on both returns and volatility of aggregate stock indices is scant and mixed. Applying Bayesian Model Averaging to a panel dataset of 17 parliamentary democracies spanning the post-war period until 1995, we test the robustness of political variables in explaining stock returns and stock return volatility. While we find that the influence of political variables on excess returns is weak, there is evidence of some political variables explaining return volatility. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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