Right-wing election success and European Banks: Evidence from the 2024 European Elections
Markus Tiemann
Journal of Policy Modeling, 2025, vol. 47, issue 2, 338-357
Abstract:
As an outcome of the 2024 European elections, right-wing political parties have gained significant shares of votes in some EU member states, which has led to solidified right-wing representation in the European Parliament. This paper assesses the impact of the right-wing electoral behaviour on the stock price of European banks and uses event study methodology to produce evidence which suggests that right-wing political success tends to drive negative abnormal stock returns on the days succeeding the EU elections. As such, the paper delivers argumentation that right-wing political success impacts European financial stability and therefore also to the European investment environment.
Keywords: European Elections; European Banks; Eventstudy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:47:y:2025:i:2:p:338-357
DOI: 10.1016/j.jpolmod.2025.01.004
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