The effect of presidential election in the USA on stock return flow – a study of a political event

Saša Obradović and Nenad Tomić

Economic Research-Ekonomska Istraživanja, 2017, vol. 30, issue 1, 112-124

Abstract: The subject of this paper is to determine the statistical significance of abnormal return that appeared on the New York Stock Exchange after the presidential election in the USA in November 2012. The analysis is focused on securities of the financial institutions listed on the New York Stock Exchange, whereby 85 companies have been included. For the purposes of the analysis a standard methodology of event study has been used. In general, parametric tests show a statistically significant negative impact of the event on stock return, whereby with the nonparametric tests there is no consistent estimation. This paper provides an interpretation of the results.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2017.1305802 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:30:y:2017:i:1:p:112-124

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2017.1305802

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().