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Working Paper Series, Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa", Europa-Universität Viadrina >

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dc.contributor.authorBialkowski, Jedrzejen_US
dc.contributor.authorGottschalk, Katrinen_US
dc.contributor.authorWisniewski, Tomasz Piotren_US
dc.date.accessioned2009-01-29T14:26:15Z-
dc.date.available2009-01-29T14:26:15Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22113-
dc.description.abstractPrior research documented that U.S. stock prices tend to grow faster during Democratic administrations than during Republican administrations. This letter examines whether stock returns in other countries also depend on the political orientation of the incumbents. An analysis of 24 stock markets and 173 different governments reveals that there are no statistically significant differences in returns between left-wing and right-wing executives. Consequently, international investment strategies based on the political orientation of countries' leadership are likely to be futile.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesThe Postgraduate Research Programme working paper series / Europa-Universität Viadrina Frankfurt (Oder), Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa" 2006,9en_US
dc.subject.jelG14en_US
dc.subject.jelG11en_US
dc.subject.jelG15en_US
dc.subject.ddc330en_US
dc.subject.keywordStock market returnsen_US
dc.subject.keywordPoliticsen_US
dc.subject.keywordPresidential puzzleen_US
dc.titlePolitical Orientation of Government and Stock Market Returnsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn518509125en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:euvgra:20069-
Appears in Collections:Working Paper Series, Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa", Europa-Universität Viadrina

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