Sources and Transmission of Country Risk

Tarek A. Hassan, Jesse Schreger, Markus Schwedeler and Ahmed Tahoun

Hassan, T. A. & Schreger, J. & Schwedeler, M. & Tahoun, A., “Sources and Transmission of Country Risk,” The Review of Economic Studies, 91(4):2307–2346 (2024).

Country risk

The paper measures how firms discuss risk associated with individual countries in earnings calls and how those perceptions spread internationally.

NL Analytics version: Country-risk 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: 45 countries · firm-country measures and aggregate series
Replication data: Data and code on Zenodo (opens in a new tab or window)
Companion website: country-risk.net (opens in a new tab or window)

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