Resource title

Political Orientation of Government and Stock Market Returns

Resource image

image for OpenScout resource :: Political Orientation of Government and Stock Market Returns

Resource description

Prior 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.

Resource author

Jedrzej Bialkowski, Katrin Gottschalk, Tomasz Piotr Wisniewski

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22113

Resource license

Adapt according to the presented license agreement and reference the original author.