... strategies, the currency systematic factors and political risk. This study also documents the presence of a Ramadan effect in exchange rates and order flows. Originality/value This study makes four contributions to the literature. First, it complements the literature on the FX microstructure of emerging...

...Pattanaporn Chatjuthamard; Pornsit Jiraporn; Pattarake Sarajoti; Manohar Singh Purpose The study investigates the effect of political risk on shareholder value, using an event study and a novel measure of firm-level political risk recently developed by Hassan et al. (2017). In addition...

... the political cost hypothesis of Watts and Zimmerman (1978) and the political risk hypothesis of Monti‐Belkaoui et al (1999) Managerial Finance 72 Growth Opportunities and Earnings Management by Fouad AlNajjar, Ph.D, Dean, Sneden Graduate School, Davenport University, 4801 Oakman Boulevard, Dearborn, MI 48126...

... considers other applications for MHD and avenues for further research. Accounting research Political risk Classification Income © MCB UP Limited 2001 Managerial Finance 16 Assessing Country Risk Using a Multi-Group Discrimination Method: A Comparative Analysis(i) by M. Doumpos, K. Pentaraki...