There is a renewed interest in how political risk affects multinational corporations operating
in emerging markets. Much of this research has focused on the relationship between …

We assess how investors evaluate sovereign borrowers, arguing that sovereign risk is less
“sovereign” than previous research assumes. Investors evaluate governments based not …

How do domestic and global factors shape governments' capacity to issue debt in primary
capital markets? Consistent with the 'democratic advantage', we identify domestic …

This paper presents the first comparative study of emerging stock markets' response to the
COVID-19 pandemic with evidence from Ghana and Botswana. Using daily time-series data …

Much of the literature on international institutions argues that membership regularizes
expectations about members' future behavior. Using the accession of the postcommunist …

Rational partisan theory suggests that firms perform better under right-than left-leaning
governments. In the pre-election time, investors should anticipate these effects of …

Global capital markets can react dramatically to elections in develo** countries, affecting
governments' access to finance and sometimes setting off broader crises. We argue …

Although much previous research has investigated the impact of sanctions on trade and
global capital, few academic studies have explored the effect of sanctions on stock markets …

The economic situation of the post-epidemic is facing huge downward risks, and the
government actively introduces stimulus measures to improve the current economic …

This paper empirically examines the determinants of the stock market performance in Nepal
using monthly data for the period of mid-August 2000 to mid-July 2014. The impact of major …