Election results may influence corporate performance by general changes in government spending and tax changes. In … participants will incorporate expectations about political change into stock prices prior to an election and adjust their opinion … according to the actual decision making following the election. To date, we do not know whether both the Republican and …

or from a Republican to a Democratic candidate causes stronger stock market effects than re-election or the election of a … returns around the election day. The results are relevant for academics, investors and policy makers alike because they …