Firm-level political uncertainty and corporate financial policies

Detalhes bibliográficos
Autor(a) principal: Soares, Daniel Strozzi
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/105981
Resumo: Political events across countries have significant effects on corporate financial policies. Literature suggest that not only aggregate political uncertainty matters, but also at the firm level. Political risk indexes and data from public firms in the U.S. between 2002 and 2019 resulting in 117,049 firm-quarter observations are employed in empirical estimations of investment and cash holdings as dependent variables. Results show that the effect of firm-level policy uncertainty on investment is sensitive to the statistical model and that cash holdings is positively correlated to firm-level political uncertainty.
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spelling Firm-level political uncertainty and corporate financial policiesPolitical uncertaintyCash holdingsInvestmentDomínio/Área Científica::Ciências Sociais::Economia e GestãoPolitical events across countries have significant effects on corporate financial policies. Literature suggest that not only aggregate political uncertainty matters, but also at the firm level. Political risk indexes and data from public firms in the U.S. between 2002 and 2019 resulting in 117,049 firm-quarter observations are employed in empirical estimations of investment and cash holdings as dependent variables. Results show that the effect of firm-level policy uncertainty on investment is sensitive to the statistical model and that cash holdings is positively correlated to firm-level political uncertainty.Bortoluzzo, Adriana BruscatoDemirci, IremRUNSoares, Daniel Strozzi2020-10-21T09:31:55Z2020-01-272020-01-052020-01-27T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/105981TID:202494683enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:51:13Zoai:run.unl.pt:10362/105981Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:40:39.016889Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Firm-level political uncertainty and corporate financial policies
title Firm-level political uncertainty and corporate financial policies
spellingShingle Firm-level political uncertainty and corporate financial policies
Soares, Daniel Strozzi
Political uncertainty
Cash holdings
Investment
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Firm-level political uncertainty and corporate financial policies
title_full Firm-level political uncertainty and corporate financial policies
title_fullStr Firm-level political uncertainty and corporate financial policies
title_full_unstemmed Firm-level political uncertainty and corporate financial policies
title_sort Firm-level political uncertainty and corporate financial policies
author Soares, Daniel Strozzi
author_facet Soares, Daniel Strozzi
author_role author
dc.contributor.none.fl_str_mv Bortoluzzo, Adriana Bruscato
Demirci, Irem
RUN
dc.contributor.author.fl_str_mv Soares, Daniel Strozzi
dc.subject.por.fl_str_mv Political uncertainty
Cash holdings
Investment
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Political uncertainty
Cash holdings
Investment
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Political events across countries have significant effects on corporate financial policies. Literature suggest that not only aggregate political uncertainty matters, but also at the firm level. Political risk indexes and data from public firms in the U.S. between 2002 and 2019 resulting in 117,049 firm-quarter observations are employed in empirical estimations of investment and cash holdings as dependent variables. Results show that the effect of firm-level policy uncertainty on investment is sensitive to the statistical model and that cash holdings is positively correlated to firm-level political uncertainty.
publishDate 2020
dc.date.none.fl_str_mv 2020-10-21T09:31:55Z
2020-01-27
2020-01-05
2020-01-27T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/105981
TID:202494683
url http://hdl.handle.net/10362/105981
identifier_str_mv TID:202494683
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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