Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics PDF Download

Author: Seungho Jung
Publisher: International Monetary Fund
ISBN: 1557759677
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.

Author: Songsak Sriboonchitta
Publisher: Springer Nature
ISBN: 3030497283
Category : Technology & Engineering
Languages : en
Pages : 445

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Book Description
This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.

Author: Robert Wade
Publisher: Princeton University Press
ISBN: 9780691117294
Category : Business & Economics
Languages : en
Pages : 500

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Book Description
"George Clooney and Mark Wahlberg lead a talented cast in this harrowing special-effects adventure intercutting the plight of seafarers struggling to reach safe harbor with the heroics of air/sea rescue crews"--Container.

Author: Duncan McCargo
Publisher: University of Hawaii Press
ISBN:
Category : Political Science
Languages : en
Pages : 312

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Book Description
Since 1932, Thai politics has undergone numerous political "reforms, " often accompanied by constitutional revisions and shifts in the location of power. Following the events of May 1992, there were strong pressures from certain groups in Thai society for a fundamental overhaul of the political order, culminating in the drafting and promulgation of a new constitution in 1997. However, constitutional reform is only one small part of a wide range of possible reforms, including that of the electoral system, education, bureaucracy, health, welfare, the media, and the military. Reflecting on the twists and turns of reform in Thailand over the years, this volume is a "must have" for everyone interested in Thai politics and its impact on the wider Asian political scene.

Author: Vladik Kreinovich
Publisher: Springer
ISBN: 3319709429
Category : Technology & Engineering
Languages : en
Pages : 788

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Book Description
This book presents recent research on predictive econometrics and big data. Gathering edited papers presented at the 11th International Conference of the Thailand Econometric Society (TES2018), held in Chiang Mai, Thailand, on January 10-12, 2018, its main focus is on predictive techniques – which directly aim at predicting economic phenomena; and big data techniques – which enable us to handle the enormous amounts of data generated by modern computers in a reasonable time. The book also discusses the applications of more traditional statistical techniques to econometric problems. Econometrics is a branch of economics that employs mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. It is therefore important to develop data processing techniques that explicitly focus on prediction. The more data we have, the better our predictions will be. As such, these techniques are essential to our ability to process huge amounts of available data.

Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781513572765
Category : Business & Economics
Languages : en
Pages : 69

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Book Description
Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative abnormal returns over a two-week event window. This drop is more pronounced for events that last longer and for events that happen in emerging markets. Stronger institutions, particularly better governance and more democratic systems, mitigate the adverse impact of social unrest on stock market returns.

Author: Eko Ruddy Cahyadi
Publisher: European Alliance for Innovation
ISBN: 1631902997
Category : Social Science
Languages : en
Pages : 1335

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Book Description
This book is the proceeding of the International Conference on Sustainable Management and Innovation (ICoSMI 2020) that was successfully held on 14-16 September 2020 using an online platform. The conference was mainly organized by the Department of Management IPB University in collaboration with Leibniz University of Hannover, Universiti Putera Malaysia, Kasetsart University, Tun Hussein Onn University of Malaysia, Tamil Nadu Teachers Education University, Deakin University, University of Adelaide, Forum Manajemen Indonesia, FE Pakuan University, FE Gajah Mada University FEB University of North Sumatra and FEB Andalas University, SBM Bandung Institute of Technology, FEB Lampung University, Perbanas Institute Jakarta, FE Bina Nusantara University, and SBE Prasetiya Mulya University. This conference has brought academic researchers, business practitioners as well as graduate students together to exchange their experiences and research results about most aspects of innovation and sustainability, and discuss the practical challenges encountered and the solutions adopted. About 402 delegates across the world including Indonesia, Malaysia, Thailand, Spain, China, and India have attended and presented their research works in the conference. The proceeding consists of 80 high-quality papers that were selected from more than 250 submitted papers. The papers are classified into 12 themes, namely Finance for Sustainability, Industry 4.0 and Future Business Sustainability, Policy and Strategy for Sustainable Innovation and Supply Chain, Smart Agriculture Management for Environmental Sustainability, and Sustainable Human Resources. Finally, we would like to express the greatest thanks to all colleagues in the steering and organizing committee for their cooperation in administering and arranging the conference as well as reviewers for their academic works and commitment to reviewing papers.

Author: Songsak Sriboonchitta
Publisher: Springer Nature
ISBN: 3030972739
Category : Technology & Engineering
Languages : en
Pages : 762

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Book Description
This book describes state-of-the-art economic ideas and how these ideas can be (and are) used to make economic decision (in particular, to optimally allocate assets) and to gauge the results of different economic decisions (in particular, by using optimal transport methods). Special emphasis is paid to machine learning techniques (including deep learning) and to different aspects of quantum econometrics—when quantum physics and quantum computing models are techniques are applied to study economic phenomena. Applications range from more traditional economic areas to more non-traditional topics such as economic aspects of tourism, cryptocurrencies, telecommunication infrastructure, and pandemic. This book helps student to learn new techniques, practitioners to become better knowledgeable of the state-of-the-art econometric techniques, and researchers to further develop these important research directions

Author: Ulrich Kohler (Dr. phil.)
Publisher: Stata Press
ISBN: 1597180076
Category : Computers
Languages : en
Pages : 399

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Book Description
"This book provides a comprehensive introduction to Stata with an emphasis on data management, linear regression, logistic modeling, and using programs to automate repetitive tasks. Using data from a longitudinal study of private households in Germany, the book presents many examples from the social sciences to bring beginners up to speed on the use of Stata." -- BACK COVER.

Author: Andrew MacGregor Marshall
Publisher: Bloomsbury Publishing
ISBN: 1783607807
Category : Political Science
Languages : en
Pages : 256

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Book Description
'Perhaps the best introduction yet to the roots of Thailand's present political impasse. A brilliant book.' Simon Long, The Economist Struggling to emerge from a despotic past, and convulsed by an intractable conflict that will determine its future, Thailand stands at a defining moment in its history. Scores have been killed on the streets of Bangkok. Freedom of speech is routinely denied. Democracy appears increasingly distant. And many Thais fear that the death of King Bhumibol Adulyadej is expected to unleash even greater instability. Yet in spite of the impact of the crisis, and the extraordinary importance of the royal succession, they have never been comprehensively analysed – until now. Breaking Thailand's draconian lèse majesté law, Andrew MacGregor Marshall is one of the only journalists covering contemporary Thailand to tell the whole story. Marshall provides a comprehensive explanation that for the first time makes sense of the crisis, revealing the unacknowledged succession conflict that has become entangled with the struggle for democracy in Thailand.