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Election Cycles and Stock Market Reaction: International Evidence

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dc.contributor.authorPark, Cheolbeom-
dc.contributor.authorAn, Jiyoun-
dc.date.accessioned2016-02-29T01:19:08Z-
dc.date.available2016-02-29T01:19:08Z-
dc.date.issued2015-12-
dc.identifier.citationKorean Journal of Policy Studies, Vol.30 No.3, pp. 23-40-
dc.identifier.issn1225-5017-
dc.identifier.urihttps://hdl.handle.net/10371/95574-
dc.description.abstractThis study investigates movements of stock market volatility during election periods (the six months before and after an election) using data from 16 countries. The main findings of this study are (1) volatility declines over time as elections approach, (2) the level of volatility during election periods is lower than that during nonelection periods, and (3) volatility rises quickly during election months and immediately after the elections. The first and second findings confirm assertions made in previous studies, such as Pantzalis, Stangeland, and Turtle (2000) and Wisniewski (2009), regarding the dynamic pattern of stock market volatility during election years.-
dc.language.isoen-
dc.publisherGraduate School of Public Administration, Seoul National University-
dc.subjectElections-
dc.subjectStock market volatility-
dc.subjectUncertainty-
dc.subjectInternational evidence-
dc.titleElection Cycles and Stock Market Reaction: International Evidence-
dc.typeSNU Journal-
dc.contributor.AlternativeAuthor박철범-
dc.contributor.AlternativeAuthor안지윤-
dc.citation.journaltitleKorean Journal of Policy Studies-
dc.citation.endpage40-
dc.citation.number3-
dc.citation.pages23-40-
dc.citation.startpage23-
dc.citation.volume30-
Appears in Collections:
Graduate School of Public Administration (행정대학원)Dept. of Public Administration (행정학과)Korean Journal of Policy Studies (정책논총)Korean Journal of Policy Studies (정책논총) vol.30 no.1-3 (2015)
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