Developed stock market reaction to political change: a panel data analysis

被引：0
|
作者：
Chung-Chu Chuang
Yi-Hsien Wang
机构：
[1] Tamkang University,Graduate Institute of Management Sciences
[2] Yuanpei University,Department of Finance
来源：
Quality & Quantity | 2009年 / 43卷
关键词：
Panel data; Political change; Fixed effect model;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper utilized panel data to examine the effects of political change in developed stock market. According to Hausman test, we capture the stock return by the fixed-effect model to fit the stock market. Political change was originally intended as an incumbent party impetus to create opportunities for progress. However, this has caused great political party distress, creating political change with an inverse stock return relationship in developed countries.
引用
收藏
页码：941 / 949
页数：8
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