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https://doi.org/10.1080/1331677X.2017.1305802

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

Saša Obradović orcid id orcid.org/0000-0001-9918-7271
Nenad Tomić orcid id orcid.org/0000-0003-1565-3197


Puni tekst: engleski pdf 1.235 Kb

str. 112-124

preuzimanja: 1.560

citiraj


Sažetak

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.

Ključne riječi

Event study; abnormal return; market return; parametric tests; nonparametric tests

Hrčak ID:

180806

URI

https://hrcak.srce.hr/180806

Datum izdavanja:

1.12.2017.

Posjeta: 2.231 *