Browsing by Author "Akinsomi, Omokolade"
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Item Geopolitical risk and real estate stock crash(Finance Research Letters, 2025-06) Abakah, Emmanuel Joel Aikins; Abdullah, Mohammad; Akinsomi, Omokolade; Tiwari, Aviral KumarWe investigate the effect of geopolitical risk (GPR) on real estate stock crashes while accounting for the impact of cash holdings and financial constraints in this relationship. Using a dataset from 28 countries covering the period of 2000 to 2023 from 1805 firms, we document that geopolitical risk increases real estate stock price crash risk. Our result remains consistent using an alternate proxy of geopolitical risk and even after considering endogeneity concerns using 2SLS and Entropy balanced samples. Our result shows the negative impact of GPR is stronger for firms with high cash holdings and high financial constraints.