Impact of geopolitical risk on firm financial fragility: International evidence from listed companies

In this study, we investigate the impact of geopolitical risks on financial fragility of firms across 40 countries in the period from 1990 to 2022. The Altman Z-Score is used as an indicator of financial fragility, while the Geopolitical Risk Index is employed as a measure of geopolitical risk. The...

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Bibliographic Details
Main Authors: Hüseyin Kaya, Yasir Küçükşahin, Mücahit Çitil
Format: Article
Language:English
Published: Elsevier 2025-03-01
Series:Borsa Istanbul Review
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845025000110
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