College
College of Business Administration (CBA)
Date of Last Revision
2023-05-03 16:40:10
Major
Finance - Corporate Financial Management
Honors Course
6100:497
Number of Credits
2
Degree Name
Bachelor of Business Administration
Date of Expected Graduation
Spring 2020
Abstract
Previously crash- risk studies have focused on assessing at the firm level the likelihood of a firm’s equity to crash (a rapid decline in value), apart from the dynamics of its respective country-level market. In this study, however, I examine the determinants of an overall countrylevel equity crash apart from the dynamics of the global market. I will argue that this is a very different focus of analysis that will provide valuable information to both investors and policy makers. Expansion of credit and subsequent equity-market bubbles and crashes are of particular concern to foreign direct investors (FDI), as country-level equity crashes are known to lead to lower levels of FDI, nonperforming loans, and lead to nonperforming loans, banking crises, contraction of credit, and ultimately economic crises and sovereign defaults.
Research Sponsor
John Goodell
First Reader
Eric Brisker
Second Reader
Mario Mastrandea
Honors Faculty Advisor
Terry Daugherty
Recommended Citation
Petri, Jason, "Culture of countries and country-index crash risk" (2020). Williams Honors College, Honors Research Projects. 1212.
https://ideaexchange.uakron.edu/honors_research_projects/1212
Included in
Finance Commons, Finance and Financial Management Commons, International Business Commons, Macroeconomics Commons, Political Economy Commons, Regional Economics Commons