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dc.contributor.authorBialkowski, Jedrzejen
dc.contributor.authorGottschalk, Katrinen
dc.contributor.authorWisniewski, Tomasz Piotren
dc.date.accessioned2009-01-29T14:26:15Z-
dc.date.available2009-01-29T14:26:15Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aEuropean University Viadrina, The Postgraduate Research Programme: Capital Markets and Finance in the Enlarged Europe |cFrankfurt (Oder)en
dc.relation.ispartofseries|aWorking Paper Series |x2006,9en
dc.subject.jelG14en
dc.subject.jelG11en
dc.subject.jelG15en
dc.subject.ddc330en
dc.subject.keywordStock market returnsen
dc.subject.keywordPoliticsen
dc.subject.keywordPresidential puzzleen
dc.titlePolitical Orientation of Government and Stock Market Returns-
dc.typeWorking Paperen
dc.identifier.ppn518509125en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:euvgra:20069en

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