eprintid: 15880
rev_number: 17
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/01/58/80
datestamp: 2014-07-09 17:43:38
lastmod: 2024-04-18 11:50:45
status_changed: 2024-04-18 11:50:45
type: monograph
metadata_visibility: show
creators_name: He, Yinghua
creators_name: Nielsson, Ulf
creators_name: Wang, Yonglei
creators_idrefppn: 241586763
title: Hurting without Hitting: The Economic Cost of Political Tension
ispublished: pub
subjects: subjects_ECO
abstract: Political tension causing diplomatic strains rarely escalates into direct violence or war. This paper identifies the economic effects of such non-violent political tension by examining Taiwan’s sovereignty debate. Non-violent events harming the relationship with mainland China lead to an average daily drop of 200 basis points in Taiwanese stock returns. The impact is more severe on firms openly supporting the Taiwanese pro-independence party. Through a series of tests we identify this economic penalty as initiated by mainland authorities, who specifically target political opponents that are economically exposed to mainland China via either investments or exports.
date: 2014-04
date_type: published
publisher: TSE Working Paper
official_url: http://tse-fr.eu/pub/28077
faculty: tse
divisions: tse
keywords: political tension
keywords: political connections
keywords: China
keywords: Taiwan
language: en
has_fulltext: TRUE
subjectsJEL: JEL_F51
subjectsJEL: JEL_G14
subjectsJEL: JEL_G15
view_date_year: 2014
full_text_status: public
monograph_type: working_paper
series: TSE Working Paper
volume: 14-484
book_title: TSE Working Paper
oai_identifier: oai:tse-fr.eu:28077
harvester_local_overwrite: oai_set
harvester_local_overwrite: faculty
harvester_local_overwrite: site
harvester_local_overwrite: creators_idrefppn
oai_lastmod: 2024-04-17T14:10:27Z
oai_set: tse
oai_set: ut1c
site: ut1
citation:   He, Yinghua <https://www.idref.fr/241586763>, Nielsson, Ulf and Wang, Yonglei  (2014) Hurting without Hitting: The Economic Cost of Political Tension.  TSE Working Paper, n. 14-484     
document_url: https://publications.ut-capitole.fr/id/eprint/15880/1/political_tension.pdf