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We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
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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 … election, we hypothesize that stock market reacts negatively to the prospect of Barack Obama winning the election. We test this …
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