these two effects, we devise an empirical strategy that allows us to compute the component of daily returns associated with …

This paper examines the relationship between two Presidential elections and stock returns in Egypt. The available … literature showed mixed results on the relationship between Presidential Elections and stock returns. The author examined daily … that both elections had positive impact on the stock returns in Egypt …

We develop a model of political cycles driven by time-varying risk aversion. Agents choose to work in the public or … private sector and to vote Democrat or Republican. In equilibrium, when risk aversion is high, agents elect Democrats …—the party promising more redistribution. The model predicts higher average stock market returns under Democratic presidencies …

We develop a model of political cycles driven by time-varying risk aversion. Agents choose to work in the public or … private sector and to vote Democrat or Republican. In equilibrium, when risk aversion is high, agents elect Democrats …---the party promising more redistribution. The model predicts higher average stock market returns under Democratic presidencies …

We show that stock prices underreact when there is a political event, reflected in higher momentum returns. We … specific news. We analyze momentum returns following general election day, and find 8.8% increase in momentum portfolio return …

The study examines the behavior of stock returns and volatility of returns in CSE around both Presidential and … with return and volatility dummies is employed for estimation. The study produces mixed results as for the abnormal returns … and change in returns relative to the previous day's returns during election periods. However, there exists strong …