AN ECONOMETRIC ANALYSIS OF STOCK MARKET REACTION TO ABRUPT POLITICAL EVENTS: EMERGING MARKET EVIDENCE FROM INDIA
AN ECONOMETRIC ANALYSIS OF STOCK MARKET REACTION TO ABRUPT POLITICAL EVENTS: EMERGING MARKET EVIDENCE FROM INDIA
Author(s): Chandrapala Pathirawasam
Subject(s): Political economy, Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: Abrupt political events; Bombay stock exchange; Political risk;
Summary/Abstract: There is extensive argument that political risk is an imperative and increasing influence on international portfolio allocation decisions. The purpose of this paper is to investigate the relation between abrupt political events and stock returns of Bombay Stock Exchange in India. The issue is examined using a dummy variable regression model controlled for the effect of lag market returns.
Book: New Economic Challenges: 2nd International PhD Students Conference. 20. 1. – 21. 1. 2010
- Page Range: 78-84
- Page Count: 7
- Publication Year: 2010
- Language: English
- Content File-PDF
