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https://doi.org/10.21256/zhaw-23300| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Market behavior in the face of political violence : evidence from Tsarist Russia |
| Autor/-in: | Hartwell, Christopher A. |
| et. al: | No |
| DOI: | 10.3390/jrfm14090445 10.21256/zhaw-23300 |
| Erschienen in: | Journal of Risk and Financial Management |
| Band(Heft): | 14 |
| Heft: | 9 |
| Seite(n): | 1 |
| Seiten bis: | 12 |
| Erscheinungsdatum: | 2021 |
| Verlag / Hrsg. Institution: | MDPI |
| ISSN: | 1911-8074 1911-8066 |
| Sprache: | Englisch |
| Schlagwörter: | Efficient market; Institution; Political violence |
| Fachgebiet (DDC): | 320: Politik 332: Finanzwirtschaft |
| Zusammenfassung: | Even efficient financial markets may break down under periods of prolonged stress, especially when the ramification of an event is unclear. Political violence is such an event, sending immediate signals about possible impact on firm valuations but unclear information about the future viability of existing institutions. This paper examines the effect of political violence in 19th century Russia on its stock market; using a battery of unit root and variance ratio tests, the evidence is that Russian financial markets were mostly efficient in processing short-term information from political violence. However, when violence was at its peak between the assassination of the Tsar in 1881 and the 1905 revolution, large deviations from efficiency can be detected, as markets were unsure about the viability of the existing rules of the game. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/23300 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | CC BY 4.0: Namensnennung 4.0 International |
| Departement: | School of Management and Law |
| Organisationseinheit: | International Management Institute (IMI) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
Dateien zu dieser Ressource:
| Datei | Beschreibung | Größe | Format | |
|---|---|---|---|---|
| 2021_Hartwell_Market_behavior_JRFM.pdf | 822.46 kB | Adobe PDF |  Öffnen/Anzeigen |
Zur Langanzeige
Hartwell, C. A. (2021). Market behavior in the face of political violence : evidence from Tsarist Russia. Journal of Risk and Financial Management, 14(9), 1–12. https://doi.org/10.3390/jrfm14090445
Hartwell, C.A. (2021) ‘Market behavior in the face of political violence : evidence from Tsarist Russia’, Journal of Risk and Financial Management, 14(9), pp. 1–12. Available at: https://doi.org/10.3390/jrfm14090445.
C. A. Hartwell, “Market behavior in the face of political violence : evidence from Tsarist Russia,” Journal of Risk and Financial Management, vol. 14, no. 9, pp. 1–12, 2021, doi: 10.3390/jrfm14090445.
HARTWELL, Christopher A., 2021. Market behavior in the face of political violence : evidence from Tsarist Russia. Journal of Risk and Financial Management. 2021. Bd. 14, Nr. 9, S. 1–12. DOI 10.3390/jrfm14090445
Hartwell, Christopher A. 2021. “Market Behavior in the Face of Political Violence : Evidence from Tsarist Russia.” Journal of Risk and Financial Management 14 (9): 1–12. https://doi.org/10.3390/jrfm14090445.
Hartwell, Christopher A. “Market Behavior in the Face of Political Violence : Evidence from Tsarist Russia.” Journal of Risk and Financial Management, vol. 14, no. 9, 2021, pp. 1–12, https://doi.org/10.3390/jrfm14090445.
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