Affiliation:
1. St. Francis College, India
Abstract
This research examined national elections' impact on crash risks of individual stocks listed in the Indonesia Stock Exchange. The study used national elections as a proxy for political uncertainty and negative skewness of stock returns as a proxy for crash risk. On the industry level, researchers found nuances in which national elections' impact varies according to industry, with some industries tending to have a greater risk of crash than others during national elections and post-national election periods.
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