Geopolitical risk and real estate stock crash

dc.contributor.author	Abakah, Emmanuel Joel Aikins
dc.contributor.author	Abdullah, Mohammad
dc.contributor.author	Akinsomi, Omokolade
dc.contributor.author	Tiwari, Aviral Kumar
dc.date.accessioned	2025-12-02T09:53:28Z
dc.date.issued	2025-06
dc.description.abstract	We 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.
dc.identifier.issn	1544-6131
dc.identifier.uri	https://doi.org/10.1016/j.frl.2025.107333
dc.identifier.uri	http://10.0.100.94:4000/handle/123456789/495
dc.language.iso	en
dc.publisher	Finance Research Letters
dc.relation.ispartofseries	Vol: 80; June 2025
dc.subject	Geopolitical risk
dc.subject	Real estate firm
dc.subject	Crash risk
dc.subject	Stock performance
dc.title	Geopolitical risk and real estate stock crash
dc.type	Article

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