Wisniewski, Tomasz Piotr
(2016).
| DOI (Digital Object Identifier) Link: | https://doi.org/10.1016/j.irfa.2016.06.015 |
|---|---|
| Google Scholar: | Look up in Google Scholar |
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 |
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| 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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