161
Views
0
CrossRef citations to date
0
Altmetric
Research Article

A note on stock market response to elections in the post-communist countries of the European Union

ORCID Icon & ORCID Icon

References

  • Alesina, A. 1987. “Macroeconomic Policy in a Two-Party System as a Repeated Game.” Quarterly Journal of Economics 102 (3): 651–678. doi:10.2307/1884222.
  • Alesina, A. 1988. “Credibility and Policy Convergence in a Two-party System with Rational Voters.” American Economic Review 78 (4): 796–806.
  • Arsic, M., A. Nojkovic, and S. Randjelovic. 2017. “Determinants of Discretionary Fiscal Policy in Central and Eastern Europe.” Economic Systems 41 (3): 367–378. doi:10.1016/j.ecosys.2016.10.003.
  • Brown, S. J., and J. B. Warner. 1985. “Using Daily Stock Returns: The Case of Event Studies.” Journal of Financial Economics 14 (1): 3–31. doi:10.1016/0304-405X(85)90042-X.
  • Christiansen, C., and A. Ranaldo. 2009. “Extreme Coexceedances in New EU Member States’ Stock Markets.” Journal of Banking & Finance 33 (6): 1048–1057. doi:10.1016/j.jbankfin.2008.10.014.
  • Çolak, G., A. Durnev, and Y. Qian. 2017. “Political Uncertainty and IPO Activity: Evidence from US Gubernatorial Elections.” Journal of Financial and Quantitative Analysis 52 (6): 2523–2564. doi:10.1017/S0022109017000862.
  • Dvořák, T., and R. Podpiera. 2006. “European Union Enlargement and Equity Markets in Accession Countries.” Emerging Markets Review 7 (2): 129–146. doi:10.1016/j.ememar.2005.09.009.
  • Fowler, J. H. 2006. “Elections and Markets: The Effect of Partisanship, Policy Risk, and Electoral Margins on the Economy.” The Journal of Politics 68 (1): 89–103. doi:10.1111/j.1468-2508.2006.00372.x.
  • Frye, T., and E. D. Mansfield. 2003. “Fragmenting Protection: The Political Economy of Trade Policy in the Post-Communist World.” British Journal of Political Science 33 (4): 635–657. doi:10.1017/S0007123403000292.
  • Gao, P., and Y. Qi, 2012. “Political Uncertainty and Public Financing Costs: Evidence from US Municipal Bond Markets.” SSRN 2024294.
  • Hibbs, D. 1977. “Political Parties and Macroeconomic Policy.” American Political Science Review 71 (4): 1467–1487. doi:10.2307/1961490.
  • Julio, B., and Y. Yook. 2012. “Political Uncertainty and Corporate Investment Cycles.” The Journal of Finance 67 (1): 45–83. doi:10.1111/j.1540-6261.2011.01707.x.
  • Niederhoffer, V., S. Gibbs, and J. Bullock. 1970. “Presidential Elections and the Stock Market.” Financial Analysts Journal 26 , no. 2: 111–113.
  • Pastor, L., and P. Veronesi. 2012. “Uncertainty about Government Policy and Stock Prices.” The Journal of Finance 67 (4): 1219–1264. doi:10.1111/j.1540-6261.2012.01746.x.
  • Pástor, L., and P. Veronesi. 2013. “Political Uncertainty and Risk Premia.” Journal of Financial Economics 110 (3): 520–545. doi:10.1016/j.jfineco.2013.08.007.
  • Riley, W. B., and W. A. Luksetich. 1980. “The Market Prefers Republicans: Myth or Reality.” Journal of Financial and Quantitative Analysis 15 (3): 541–560. doi:10.2307/2330399.
  • Roaf, J., R. Atoyan, B. Joshi, and K. Krogulski. 2014. 25 Years of Transition Post-Communist Europe and the IMF. Washington, DC: International Monetary Fund.
  • Roberts, A., and B.-Y. Kim. 2011. “Policy Responsiveness in Post-communist Europe: Public Preferences and Economic Reforms.” British Journal of Political Science 41 (4): 819–839. doi:10.1017/S0007123411000123.
  • Santa-Clara, P., and R. Valkanov. 2003. “The Presidential Puzzle: Political Cycles and the Stock Market.” The Journal of Finance 58 (5): 1841–1872. doi:10.1111/1540-6261.00590.
  • Snowberg, E., J. Wolfers, and E. Zitzewitz. 2007. “Partizan Impacts on the Economy: Evidence from Prediction Markets and Close Elections.” The Quarterly Journal of Economics 122 (2): 807–829. doi:10.1162/qjec.122.2.807.
  • Tavits, M. 2005. “The Development of Stable Party Support: Electoral Dynamics in Post-Communist Europe.” American Journal of Political Science 49 (2): 283–298. doi:10.1111/j.0092-5853.2005.00123.x.
  • Tavits, M., and N. Letki. 2009. “When Left Is Right: Party Ideology and Policy in Post-Communist Europe.” American Political Science Review 103 (4): 55. doi:10.1017/S0003055409990220.

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:

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:

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.