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 …

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 …

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 …

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 …