Recent literature in both finance and political science has identified a series of systematic patterns in the way stock market responds to significant political events. The lack of a common theoretical core as well as the use of different empirical specifications in two literatures which hardly cross-reference each other has led to contradictory results. Several relevant questions arise: do stock markets really prefer Republicans or Democrats? Is divided government somehow better or worse for the stock market? We develop a theoretical framework to comprehend two under-theorized mechanisms through which political factors affect stock market performance: redistributive and regulatory policies. Two main predictions follow from the model: stock...
Previous research shows that Democrat- and Republican-leaning investors hold different stock market ...
“Previous studies find evidence of an electoral cycle in equity market returns. During four-year pre...
We analyze the interaction of stock market movements and politics in Germany. In contrast to the emp...
Recent literature in both finance and political science has identified a series of systematic patter...
Markets and politics are intimately linked. Moreover, the extensive lobbying practices in the US evi...
The question explored in this paper is the relationship between national politics and the stock mark...
We find that the average excess return in the stock market is higher under Democratic than Republica...
The political economy literature finds that stock markets drop after left-wing and increase after ri...
This paper examines whether stock market returns forecasts should take account of the political part...
To understand the extent to which partisan majorities in Congress influence eco-nomic policy, we com...
Despite strong pressures from international financial markets, political parties con-tinue to propos...
This file was last viewed in Adobe Acrobat Pro.In recent decades, rising economic policy uncertainty...
Cross-sectional time-series data from 14 stock markets, from 1973-1996, are used to study how compar...
textThis dissertation examines the effect of stock ownership on individuals' political behavior. I a...
To understand the extent to which partisan majorities in Congress influence economic policy, we comp...
Previous research shows that Democrat- and Republican-leaning investors hold different stock market ...
“Previous studies find evidence of an electoral cycle in equity market returns. During four-year pre...
We analyze the interaction of stock market movements and politics in Germany. In contrast to the emp...
Recent literature in both finance and political science has identified a series of systematic patter...
Markets and politics are intimately linked. Moreover, the extensive lobbying practices in the US evi...
The question explored in this paper is the relationship between national politics and the stock mark...
We find that the average excess return in the stock market is higher under Democratic than Republica...
The political economy literature finds that stock markets drop after left-wing and increase after ri...
This paper examines whether stock market returns forecasts should take account of the political part...
To understand the extent to which partisan majorities in Congress influence eco-nomic policy, we com...
Despite strong pressures from international financial markets, political parties con-tinue to propos...
This file was last viewed in Adobe Acrobat Pro.In recent decades, rising economic policy uncertainty...
Cross-sectional time-series data from 14 stock markets, from 1973-1996, are used to study how compar...
textThis dissertation examines the effect of stock ownership on individuals' political behavior. I a...
To understand the extent to which partisan majorities in Congress influence economic policy, we comp...
Previous research shows that Democrat- and Republican-leaning investors hold different stock market ...
“Previous studies find evidence of an electoral cycle in equity market returns. During four-year pre...
We analyze the interaction of stock market movements and politics in Germany. In contrast to the emp...