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

Wisniewski, Tomasz Piotr (2016). Is there a link between politics and stock returns? A literature survey. International Review of Financial Analysis, 47 pp. 15–23.

DOI (Digital Object Identifier) Link: https://doi.org/10.1016/j.irfa.2016.06.015
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Abstract

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 is an association between the orientation of the political executive or the phase of the electoral cycle with movements of the stock market index. The price impact of politically-relevant events, such as wars, terrorist attacks, revolutions, coups or issuance of communications by those in positions of power is also discussed. The review closes with an examination of the impact of political uncertainty on stock markets and with a reflection on the direction of causality.

Item Type: Journal Item
Copyright Holders: 2016 Elsevier
ISSN: 1057-5219
Keywords: Politics; Stock market returns; Literature review
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 55374
Depositing User: Tomasz Wisniewski
Date Deposited: 11 Jun 2018 14:43
Last Modified: 04 May 2019 16:29
URI: http://oro.open.ac.uk/id/eprint/55374
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