TITLE

Equity Prices Reflect Presidential Winners…

PUB. DATE
November 2004
SOURCE
Journal of Financial Planning;Nov2004, Vol. 17 Issue 11, p24
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents a study done on the association between presidential elections and stock prices in the U.S. The fortunes of certain industries are tied to the ups and owns of presidential candidates during the campaign and to the eventual winner, according to a working paper by Brian Knight of the national Bureau of Economic Research. Knight studied movements in the stock prices of 70 firms in the six months leading up to the Bush/Gore 2000 presidential election. He found that equity prices of industries typically favored by republican administration e.g., those in defense, traditional energy, and tobacco industries, outperformed or underperformed those favored under a Democratic administration, e.g., those in alternative energy and Microsoft competitors depending whether George W. Bush or Al Gore was the favorite at any given time. Following Bush's election, Knight found that Republican-favored firms were worth three percent more and Gore-favored firms were worth six percent less than they were before the election.
ACCESSION #
15013638

 

Related Articles

  • The Obama effect. Halcoussis, Dennis; Lowenberg, Anton; Phillips, G. // Journal of Economics & Finance;Jul2009, Vol. 33 Issue 3, p324 

    Many observers argued that Barack Obama�s candidacy in the U.S. presidential election of 2008 benefited from the financial crisis and recessionary economic conditions which voters blamed on the Republican administration. However, an empirical examination of stock price and public opinion...

  • India: Sensex Soaring, But Downside Risks Persist.  // Emerging Markets Monitor;5/8/2006, Vol. 12 Issue 5, p11 

    Reports on the increase in the Mumbai Sensex Index in India on May 5, 2006, despite the persistent downside risks. Increase in Indian share prices; Expected increase in retail fuel prices after key state elections in May; Risk posed by the threat of large-scale speculation and outright fraud...

  • Sideways Toward the Election.  // Time;9/6/1976, Vol. 108 Issue 10, p53 

    The article reports on the sideway movements of the stock averages in the U.S. associated with issues on the 1976 presidential elections. It states that the year had a good start which made Wall Street analysts thought that the stock averages would increase. It also mentions that prices have...

  • Ways to beat the drug bust. Simons, John // Fortune International (Europe);11/15/2004, Vol. 150 Issue 9, p100 

    The article discusses how U.S. presidential candidates have been whipping up resentment over the high price of medicines, with talk of drugs from Canada and possible price controls. At the same time, the FDA has ordered drugmakers to place a "black box" label on antidepressants, warning...

  • Ways to beat the drug bust. Simons, John // Fortune;11/15/2004, Vol. 150 Issue 10, p230 

    The article discusses how U.S. presidential candidates have been whipping up resentment over the high price of medicines, with talk of drugs from Canada and possible price controls. At the same time, the FDA has ordered drugmakers to place a "black box" label on antidepressants, warning...

  • Drug Stocks Dive On Hillary. Investor's Business Daily // Investors Business Daily;9/22/2015, pA01 

    2 Democratic presidential front-runner Hillary Clinton tweeted that she will release a plan Tue. to fight "price gouging," following

  • Dem nominee needs bucks to counter Bush advantage. Green, Paul M. // Crain's Chicago Business;10/20/2003, Vol. 26 Issue 42, p11 

    On the national stage in the U.S., the fight for the Democratic presidential nomination is wide open. Money is the key factor. Since the 1984 election, the nominee was the candidate who had raised the most money the year before. Illinois will hold its 2004 primary on March 16. As for the current...

  • Bizarre Iowa caucus structure confuses candidates, columnists. Singletary, Mark // New Orleans CityBusiness (1994 to 2008);1/19/2004, Vol. 24 Issue 30, p3 

    Reports that delegates in political precincts in Iowa have gathered to select and rank their favorite candidates for president. List of presidential candidates; Confusion on the caucus; Assessment of the proceedings.

  • 2000 Official Presidential General Election Results.  // World Almanac & Book of Facts;2002, p558 

    Presents a chart showing the 2000 official presidential general election results. Lists all presidential candidates and party affiliation; Number of popular votes each candidate received; Percent of popular vote each candidate received.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics