Blar i BI Open på forfatter "Pagliardi, Giovanni"
-
Global political risk and international stock returns
Gala, Vito D.; Pagliardi, Giovanni; Zenios, Stavros A. (Peer reviewed; Journal article, 2023)Using novel measures of politics-policy uncertainty we document predictable variation in stock market returns across countries. Country characteristics and existing global and local risk factors do not account for such ... -
Hedging political risk in international portfolios
Lotfi, Somayyeh; Pagliardi, Giovanni; Paparoditis, Efstathios; Zenios, Stavros A. (Peer reviewed; Journal article, 2024)We show that internationally diversified portfolios carry sizeable political risk premia and expose investors to tail risk. We obtain political efficient frontiers with and without hedging political risk using a portfolio ...