Crisis Risk and Risk Management
#riskmanagement #geopoliticalrisk“The frequency of economic and #financialcrises is not increasing, but #politicalcrises can make #economiccrises more likely. The paper suggests that feedback between non-economic and economic crises can be important, but there is no comparable evidence for #climaterisk.” Lire
Geopolitical Risk and Financial Stress
“This paper investigates the relationship between #geopoliticalrisk and #financialstress using a bivariate #var model. The study uses the #gpr Index to measure geopolitical risk and the OFSR FSI index to measure financial stress over a period of 06 January 2000 – 03 March 2023 on daily data. The results show a significant relationship between financial stress and geopolitical risk.” Lire
Geopolitical Uncertainty and Banking Risk: International Evidence
“The increased banking risk mainly attributed to reduction in bank capital and escalated fluctuations in bank profitability.” Lire
Risk Management and the Board of Directors
“… new risks—and the intensification of longstanding risks—are pressure-testing the agility and resilience of corporate strategies, risk management systems and practices.” Lire
The Effect of Geopolitical Risk on Market Information Asymmetry, Management Disclosure and Investor Information Collection
“Empirical results indicate that firms with higher analyst attention, institutional ownership, and information disclosure quality rating are less sensitive to GPR [#geopoliticalrisk] .” Lire
The economic impact of conflict-related and policy uncertainty shocks: the case of Russia
“We show that negative shocks to the selected indicators lead to economic slowdown, with a persistent drop in GDP growth and a short-lived but large increase in country risk.” Lire
Does Geopolitical Risk Stifle Technological Innovation?
“… we disentangle GPR into its two components: geopolitical threats and geopolitical acts. We document that the effect of threats is greater than that of acts, indicating that unrealized risk is more detrimental than realized risk.” Lire