Impact of Political Regime Shift on Stock Returns of Oligarch Firms

Zadorozhna Olha () and Zaderey Natalia ()

EERC Working Paper Series from EERC Research Network, Russia and CIS

Abstract: We study the evolution of the stock prices of 17 politically connected firms around the time of the Orange revolution and two other crucial political events (2010 Presidential elections and the arrest of Yuliya Tymoshenko) in Ukraine. Using an event-study approach we find that political connections do matter in Ukraine. Companies that are strongly linked with the two major Ukrainian parties (Orange coalition and Party of Regions) are sensitive to shifts of the political regime.

JEL-codes: D72 D73 G14 P16 P34 (search for similar items in EconPapers)
Date: 2013-07-05
New Economics Papers: this item is included in nep-cdm, nep-pol and nep-tra
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