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This paper analyzes stock market reactions to election polls. Stock markets anticipate the impact of events on future cash flows. Current values depend on future cash flows and risk prospects. We posit that election polls are indications of the political platforms that are expected to win...
Persistent link: https://www.econbiz.de/10013120263
This study examines the effects of political uncertainty around US presidential elections on firm risk, expected return, trading activity, and dispersion of investor beliefs. To this end, we utilize information embedded in short-term options and exploit cross-sectional differences in firms'...
Persistent link: https://www.econbiz.de/10012869982
We analyze IPO activity under political uncertainty surrounding gubernatorial elections in the U.S. There are fewer IPOs originating from a state when it is scheduled to have an election. To establish identification, we develop a neighboring-states method that uses bordering states without...
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Comparing the unemployment insurance systems of the United States and of the United Kingdom it is shown that the US unemployment insurance (UI) is the only system that provides for a negative feedback between UI expenditures and layoffs (“experience rating”). The UK has no specific UI:...
Persistent link: https://www.econbiz.de/10010265488
Due to its overwhelming significance among taxes on earnings in the agricultural and forestry sector, the analyses are primarily concentrated on the international comparison of effective income tax burden in the selected EU Member States as well as Canada, the United States and Japan. In this...
Persistent link: https://www.econbiz.de/10011698365
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High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10003713639
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