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Partisan politics and stock market performance: The effect of expected government partisanship on stock returns in the 2002 German federal election

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  • Roland Füss
  • Michael Bechtel

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  • Roland Füss & Michael Bechtel, 2008. "Partisan politics and stock market performance: The effect of expected government partisanship on stock returns in the 2002 German federal election," Public Choice, Springer, vol. 135(3), pages 131-150, June.
    • Handle: RePEc:kap:pubcho:v:135:y:2008:i:3:p:131-150
    DOI: 10.1007/s11127-007-9250-1
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    References listed on IDEAS

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    10. Glosten, Lawrence R & Jagannathan, Ravi & Runkle, David E, 1993. "On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks," Journal of Finance, American Finance Association, vol. 48(5), pages 1779-1801, December.
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    More about this item

    Keywords

    Government partisanship; Stock market performance; Elections; GARCH modeling; Political information; Price formation; C12; G12; G38;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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