Stock Returns

    Papers & Opinions

    Empirics | Financial markets

    Geopolitical Risk and Stock Returns

    Paper

    Posted on 14 April 2025

    By Jinfei Sheng

    This paper systematically examines the relationship between geopolitical risk and stock returns by constructing a comprehensive Geopolitical Risk Index (GRI) using Wall Street Journal articles from 1984 to 2025. GRI positively predicts excess...
    READ MORE

    Electoral politics | Empirics | Financial markets

    Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 US Elections

    Paper

    Posted on 28 January 2022

    By Stefano Ramelli

    Donald Trump's 2016 election and his nomination of climate skeptic Scott Pruitt to head the Environmental Protection Agency drastically downshifted expectations about U.S. policy toward climate change. Joseph Biden's 2020...
    READ MORE