{"title":"新兴市场的经济政策不确定性与财务业绩","authors":"Elif Akben-Selcuk","doi":"10.5296/bms.v15i1.21923","DOIUrl":null,"url":null,"abstract":"The objective of this study is to investigate the relationship between economic policy uncertainty (EPU) and financial performance using 5,509 firm-year observations from nine emerging markets which are Brazil, Chile, Colombia, Greece, India, Korea, Mexico, Pakistan, and Russia. The period of analysis spans the years between 2011-2022. Fixed-effects regressions show that there is a negative relationship between EPU and firm financial performance. Results are robust to different EPU measures. Implications are provided.","PeriodicalId":244811,"journal":{"name":"Business Management and Strategy","volume":"113 12","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Economic Policy Uncertainty and Financial Performance in Emerging Markets\",\"authors\":\"Elif Akben-Selcuk\",\"doi\":\"10.5296/bms.v15i1.21923\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The objective of this study is to investigate the relationship between economic policy uncertainty (EPU) and financial performance using 5,509 firm-year observations from nine emerging markets which are Brazil, Chile, Colombia, Greece, India, Korea, Mexico, Pakistan, and Russia. The period of analysis spans the years between 2011-2022. Fixed-effects regressions show that there is a negative relationship between EPU and firm financial performance. Results are robust to different EPU measures. Implications are provided.\",\"PeriodicalId\":244811,\"journal\":{\"name\":\"Business Management and Strategy\",\"volume\":\"113 12\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-06-12\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Business Management and Strategy\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.5296/bms.v15i1.21923\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business Management and Strategy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5296/bms.v15i1.21923","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Economic Policy Uncertainty and Financial Performance in Emerging Markets
The objective of this study is to investigate the relationship between economic policy uncertainty (EPU) and financial performance using 5,509 firm-year observations from nine emerging markets which are Brazil, Chile, Colombia, Greece, India, Korea, Mexico, Pakistan, and Russia. The period of analysis spans the years between 2011-2022. Fixed-effects regressions show that there is a negative relationship between EPU and firm financial performance. Results are robust to different EPU measures. Implications are provided.
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