North Korea threat not recorded through US asset prices: evidence from events in the 21st century

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorShin, Sean
dc.contributor.authorKnaapinen, Jyri J.
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2018-03-28T12:43:53Z
dc.date.available2018-03-28T12:43:53Z
dc.date.issued2017
dc.description.abstractI perform event data analysis on the hostile events of North Korea affecting United states asset prices. I examine the effect of these events to US asset prices through local increment of political uncertainty and increase in patriotism. US have been under North Koreas nuclear threats and the North Korea have been estimated by experts to be able to finally fit the nuclear warhead in the missile which could hit the US coast. In recent year the subject has also been widely covered in international media. I don’t find significant effects on U.S. asset prices during the events thus concluding that the threat posed by North Korea is not taken seriously by U.S. markets. This is aligned with former papers examining the effects in South Korea and North Korea concluding that the threat is not realistic. (Kim and Roland 2014)en
dc.format.extent29
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/30413
dc.identifier.urnURN:NBN:fi:aalto-201803281880
dc.language.isoenen
dc.programmeRahoitusfi
dc.subject.keywordNorth Korea threaten
dc.subject.keywordUS asset pricesen
dc.subject.keywordevent studyen
dc.subject.keywordstock dataen
dc.subject.keyworddifference in differencesen
dc.subject.keywordpolitical uncertaintyen
dc.titleNorth Korea threat not recorded through US asset prices: evidence from events in the 21st centuryen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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