Advanced search
Publication Cover
Applied Economics Letters Volume 12, 2005 - Issue 12
Submit an article Journal homepage
358
Views
26
CrossRef citations to date
0
Altmetric
Original Articles

Stock market political cycles in a small, two-party democracy

Jared Cahan Department of Finance, Banking & Property, College of Business, Massey University, Private Bag 11 222, Palmerston North, New Zealand
,
Christopher B. Malone Department of Finance, Banking & Property, College of Business, Massey University, Private Bag 11 222, Palmerston North, New ZealandCorrespondence[email protected]
,
John G. Powell Department of Finance, Banking & Property, College of Business, Massey University, Private Bag 11 222, Palmerston North, New Zealand
&
Udomsak Wong Choti Department of Finance, Banking & Property, College of Business, Massey University, Private Bag 11 222, Palmerston North, New Zealand
Pages 735-740 | Published online: 21 Aug 2006

References

  • Bohl , M. T. and Gottschalk , K. 2004 . International evidence on the democratic premium and the presidential cycle effect Working paper .
  • Cheng , A. C. S. 1998 . International correlation structure of financial market movements – the evidence from the UK and the US . Applied Financial Economics , 8 : 1 – 12 .
  • Foerster , S. R. and Schmitz , J. J. 1997 . The transmission of US election cycles to international stock returns, . Journal of International Business , 28 : 1 – 27 .
  • Heimonen , K. 2002 . Stock market integration: evidence on price integration and return convergence, . Applied Financial Economics , 12 : 415 – 29 .
  • Hensel , C. R. and Ziemba , W. T. 1995 . United States investment returns during Democrat and Republican Administrations, 1928–1993, . Financial Analysts Journal , 51 : 61 – 9 .
  • Herbst , A. and Slinkman , C. W. 1984 . Political-economic cycles in the US stock market, . Financial Analysts Journal , 40 : 28 – 34 .
  • Huang , R. 1985 . Common stock returns and presidential elections, . Financial Analysts Journal , 41 : 58 – 61 .
  • Hudson , R. , Keasey , K. and Dempsey , M. 1998 . Share prices under Tory and Labour governments in the UK since 1945 . Applied Financial Economics , 8 ( 4 ) : 389 – 400 .
  • Johnson , R. R. and Chittenden , W. 1999 . Presidential politics, stocks, bonds, bills, and inflation, . Journal of Portfolio Management , 26 : 27 – 31 .
  • Keef , S. P. and Roush , M. L. 2003 . Political administration effects and day-of-the-week effects in New Zealand's foreign exchange rate, . Applied Financial Economics , 13 : 401 – 12 .
  • Santa Clara , P. and Valkanov , R. 2003 . The presidential puzzle: political cycles and the stock market . Journal of Finance , 58 : 1841 – 72 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.