We examine the effect of political connections and political cycles on stock returns of listed companies in Iran. Using … that political connections are positively associated with firms' annual actual returns and annual abnormal returns …. Presidential elections strengthen the positive relationship between political connections and cumulative abnormal returns. Transfer …

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …