Matches in SemOpenAlex for { <https://semopenalex.org/work/W1512713062> ?p ?o ?g. }
- W1512713062 endingPage "29" @default.
- W1512713062 startingPage "1" @default.
- W1512713062 abstract "Abstract Recent literature in both finance and political science has identified a series of systematic patterns in the way stock market responds to significant political events. The lack of a common theoretical core as well as the use of different empirical specifications in two literatures which hardly cross-reference each other has led to contradictory results. Several relevant questions arise: do stock markets really prefer Republicans or Democrats? Is divided government somehow better or worse for the stock market? We develop a theoretical framework to comprehend two under-theorized mechanisms through which political factors affect stock market performance: redistributive and regulatory policies. Two main predictions follow from the model: stock market performs better under Democratic Presidencies and under Divided Government. We then test them by looking at monthly changes in US stock market performance from the 1870s until today. We control for all relevant variables used in both previous literatures and subject the results to robustness checks. In addition, we complement our results with historical narratives of stock market regulation –from public policy scholars and economic historians-, which show the mechanisms of the theory in operation." @default.
- W1512713062 created "2016-06-24" @default.
- W1512713062 creator A5023534851 @default.
- W1512713062 creator A5064266420 @default.
- W1512713062 creator A5074762290 @default.
- W1512713062 date "2008-04-03" @default.
- W1512713062 modified "2023-09-27" @default.
- W1512713062 title "Parties, Congress, and the Stock Market" @default.
- W1512713062 cites W1494612504 @default.
- W1512713062 cites W1512045278 @default.
- W1512713062 cites W1513938845 @default.
- W1512713062 cites W1536948983 @default.
- W1512713062 cites W1566236268 @default.
- W1512713062 cites W1571205027 @default.
- W1512713062 cites W1583921062 @default.
- W1512713062 cites W1992845511 @default.
- W1512713062 cites W1995593202 @default.
- W1512713062 cites W1999814123 @default.
- W1512713062 cites W2014709540 @default.
- W1512713062 cites W2063315614 @default.
- W1512713062 cites W2071186576 @default.
- W1512713062 cites W2088992973 @default.
- W1512713062 cites W2089556049 @default.
- W1512713062 cites W2105904464 @default.
- W1512713062 cites W2116988722 @default.
- W1512713062 cites W2147220823 @default.
- W1512713062 cites W220417842 @default.
- W1512713062 cites W2312227350 @default.
- W1512713062 cites W2322699075 @default.
- W1512713062 cites W3121693921 @default.
- W1512713062 cites W3123867060 @default.
- W1512713062 cites W3124000932 @default.
- W1512713062 cites W3124585890 @default.
- W1512713062 cites W3124967701 @default.
- W1512713062 cites W3125500326 @default.
- W1512713062 cites W3125591655 @default.
- W1512713062 cites W3212077047 @default.
- W1512713062 cites W610962440 @default.
- W1512713062 cites W627371436 @default.
- W1512713062 cites W2182279955 @default.
- W1512713062 hasPublicationYear "2008" @default.
- W1512713062 type Work @default.
- W1512713062 sameAs 1512713062 @default.
- W1512713062 citedByCount "0" @default.
- W1512713062 crossrefType "journal-article" @default.
- W1512713062 hasAuthorship W1512713062A5023534851 @default.
- W1512713062 hasAuthorship W1512713062A5064266420 @default.
- W1512713062 hasAuthorship W1512713062A5074762290 @default.
- W1512713062 hasConcept C106159729 @default.
- W1512713062 hasConcept C127413603 @default.
- W1512713062 hasConcept C12747933 @default.
- W1512713062 hasConcept C148126853 @default.
- W1512713062 hasConcept C151730666 @default.
- W1512713062 hasConcept C162324750 @default.
- W1512713062 hasConcept C17744445 @default.
- W1512713062 hasConcept C199539241 @default.
- W1512713062 hasConcept C204036174 @default.
- W1512713062 hasConcept C2780299701 @default.
- W1512713062 hasConcept C2780762169 @default.
- W1512713062 hasConcept C555826173 @default.
- W1512713062 hasConcept C78519656 @default.
- W1512713062 hasConcept C86803240 @default.
- W1512713062 hasConcept C94625758 @default.
- W1512713062 hasConceptScore W1512713062C106159729 @default.
- W1512713062 hasConceptScore W1512713062C127413603 @default.
- W1512713062 hasConceptScore W1512713062C12747933 @default.
- W1512713062 hasConceptScore W1512713062C148126853 @default.
- W1512713062 hasConceptScore W1512713062C151730666 @default.
- W1512713062 hasConceptScore W1512713062C162324750 @default.
- W1512713062 hasConceptScore W1512713062C17744445 @default.
- W1512713062 hasConceptScore W1512713062C199539241 @default.
- W1512713062 hasConceptScore W1512713062C204036174 @default.
- W1512713062 hasConceptScore W1512713062C2780299701 @default.
- W1512713062 hasConceptScore W1512713062C2780762169 @default.
- W1512713062 hasConceptScore W1512713062C555826173 @default.
- W1512713062 hasConceptScore W1512713062C78519656 @default.
- W1512713062 hasConceptScore W1512713062C86803240 @default.
- W1512713062 hasConceptScore W1512713062C94625758 @default.
- W1512713062 hasLocation W15127130621 @default.
- W1512713062 hasOpenAccess W1512713062 @default.
- W1512713062 hasPrimaryLocation W15127130621 @default.
- W1512713062 hasRelatedWork W116353426 @default.
- W1512713062 hasRelatedWork W135315792 @default.
- W1512713062 hasRelatedWork W1547772747 @default.
- W1512713062 hasRelatedWork W1968505301 @default.
- W1512713062 hasRelatedWork W1971751343 @default.
- W1512713062 hasRelatedWork W2009326024 @default.
- W1512713062 hasRelatedWork W2021418076 @default.
- W1512713062 hasRelatedWork W2047637818 @default.
- W1512713062 hasRelatedWork W2062216768 @default.
- W1512713062 hasRelatedWork W2084264509 @default.
- W1512713062 hasRelatedWork W2114032556 @default.
- W1512713062 hasRelatedWork W2364381541 @default.
- W1512713062 hasRelatedWork W2949442227 @default.
- W1512713062 hasRelatedWork W2950368623 @default.
- W1512713062 hasRelatedWork W3004153099 @default.
- W1512713062 hasRelatedWork W3085153058 @default.
- W1512713062 hasRelatedWork W3088537288 @default.