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dc.contributor.authorBialkowski, J.
dc.contributor.authorGottschalk, K.
dc.contributor.authorWisniewski, T.
dc.date.accessioned2011-02-21T02:49:17Z
dc.date.available2011-02-21T02:49:17Z
dc.date.copyright2006
dc.date.created2006
dc.date.issued2011-02-21
dc.identifier.other30-2006
dc.identifier.urihttp://hdl.handle.net/10292/1141
dc.description.abstractPrior research documented that U.S. stock prices tend to grow faster during Democratic administrations than during Republican administrations. This letter examines whether stock returns in other countries also depend on the political orientation of the incumbents. An analysis of 24 stock markets and 173 different governments reveals that there are no statistically significant differences in returns between left-wing and right-wing executives. Consequently, international investment strategies based on the political orientation of countries’ leadership are likely to be futile.
dc.publisherAUT Faculty of Business
dc.relation.urihttp://www.aut.ac.nz/__data/assets/pdf_file/0004/48487/enterprise_and_innovation_30-2006.pdf
dc.rights2006 © - Copyright of the Author(s)
dc.sourceEnterprise and Innovation, 2006, 30
dc.subjectStock Market Returns
dc.subjectPolitics
dc.subjectPresidential Puzzle
dc.titlePolitical orientation of Government and Stock Market returns
dc.typeWorking Paper
dc.rights.accessrightsOpenAccess


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