Journal of Applied Finance & Banking

The effect of corruption on stock market volatility

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• 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.

  Keywords: Corruption, stock market volatility, panel data.