Firm-Level Political Risk: Measurement and Effects

Tarek A. Hassan, Stephan Hollander, Laurence van Lent and Ahmed Tahoun

Hassan, T. A. & Hollander, S. & van Lent, L. & Tahoun, A., “Firm-Level Political Risk: Measurement and Effects,” The Quarterly Journal of Economics, 134(4):2135–2202 (2019).

Political risk and sentiment

The paper measures firm-level political risk from corporate earnings calls and examines its relationship with corporate decisions.

NL Analytics version: Political-risk and sentiment measures (opens in a new tab or window)Maintained version, updated quarterly. Historical values are recomputed and may differ from the study data.
Maintained coverage: Public-company earnings calls, including aggregate and topic-specific political-risk measures.
Replication data: Data and code on Harvard Dataverse (opens in a new tab or window)
Companion website: firmlevelrisk.com (opens in a new tab or window)

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