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The effect of corruption on stock market volatility

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  • Eleftherios Spyromitros

Abstract

This paper addresses the issue of impacts of corruption on stock market volatility. By applying panel data analysis on a set of 16 countries from 2010 to 2016, sufficient evidence for a negative relationship between cor­ruption and stock market volatility is provided, while controlling for several macroeconomic and financial variables.  JEL classification numbers: D73, E44, G1.

Suggested Citation

  • Eleftherios Spyromitros, 2020. "The effect of corruption on stock market volatility," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(2), pages 1-6.
    • Handle: RePEc:spt:apfiba:v:10:y:2020:i:2:f:10_2_6
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    References listed on IDEAS

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    Cited by:

    1. Avom, Désiré & Kamguia, Brice & Ngameni, Joseph Pasky & Njangang, Henri, 2021. "How does terms of trade volatility affect macroeconomic volatility? The roles of financial development and institutions," International Economics, Elsevier, vol. 168(C), pages 98-114.

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    More about this item

    Keywords

    Corruption; stock market volatility; panel data.;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G1 - Financial Economics - - General Financial Markets

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