Is there a link between politics and stock returns? A literature survey

TP Wisniewski - International Review of Financial Analysis, 2016 - Elsevier
This survey starts by reviewing the literature investigating whether political connectedness of
companies creates wealth for their shareholders. It then moves on to examine whether there …

The presidential puzzle: Political cycles and the stock market

P Santa‐Clara, R Valkanov - The Journal of Finance, 2003 - Wiley Online Library
The excess return in the stock market is higher under Democratic than Republican
presidencies: 9 percent for the value‐weighted and 16 percent for the equal‐weighted …

Stock market volatility around national elections

J Białkowski, K Gottschalk, TP Wisniewski - Journal of Banking & Finance, 2008 - Elsevier
This paper investigates a sample of 27 OECD countries to test whether national elections
induce higher stock market volatility. It is found that the country-specific component of index …

US presidential elections and implied volatility: The role of political uncertainty

JW Goodell, S Vähämaa - Journal of Banking & Finance, 2013 - Elsevier
This paper focuses on the effects of political uncertainty and the political process on implied
stock market volatility during US presidential election cycles. Using monthly Iowa Electronic …

Political uncertainty and stock returns: Evidence from the Brazilian political crisis

D Hillier, T Loncan - Pacific-Basin Finance Journal, 2019 - Elsevier
This paper examines the effect of political uncertainty on stock returns, exploiting an
exogenous shock to political stability in Brazil. In May 2017, a conversation between Brazil's …

Political views and corporate decision making: The case of corporate social responsibility

A Rubin - Financial Review, 2008 - Wiley Online Library
This paper conducts an empirical analysis of the relationship between corporate social
responsibility (CSR) and political beliefs in the United States. By analyzing the 2004 …

The other January effect

MJ Cooper, JJ McConnell, AV Ovtchinnikov - Journal of financial economics, 2006 - Elsevier
Streetlore since at least 1973 has touted the market return in January as a predictor of
market returns for the remainder of the year. We systematically examine the predictive power …

Political environment and foreign direct investment: Evidence from OECD countries

TP Wisniewski, SK Pathan - European Journal of Political Economy, 2014 - Elsevier
This paper examines the role that political factors play in the investment location decisions of
multinational enterprises. It has been found that foreign direct investors shy away from …

Resolving the presidential puzzle

O Sy, A Al Zaman - Financial Management, 2011 - Wiley Online Library
Many financial economists are puzzled by the fact that stock returns are higher under
Democratic than Republican presidencies. In this paper, we test whether this return …

Political uncertainty and financial market uncertainty in an Australian context

LA Smales - Journal of International Financial Markets, Institutions …, 2014 - Elsevier
This paper seeks to investigate the influence of political uncertainty, surrounding the
Australian federal election cycle, on financial market uncertainty. Measures of political …