Pricing the common stocks in emerging markets: The role of economic policy uncertainty
We examine the role of news-based policy uncertainty measures in capturing the cross-section of average stock returns in emerging markets. After controlling for the five established risk factors of Fama and French (FF), we find that policy uncertainty factors are redundant in capturing the average...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Modern Finance Institute
2024-01-01
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| Series: | Modern Finance |
| Subjects: | |
| Online Access: | https://mf-journal.com/article/view/93 |