Chiang, Thomas C. - In: The Journal of Risk Finance 21 (2020) 5, pp. 621-657
Purpose: Recent empirical studies by Antonakakis, Chatziantoniou and Filis (2013), Brogaard and Detzel (2015) and Christou et al. (2017) present evidence, which supports the notion that a rise in economic policy uncertainty (EPU) will lead to a decline in stock prices. The purpose of this paper...