Price-Earnings Changes During US Presidential Election Cycles: Voter Uncertainty and Other Determinants

Goodell, John W.; Bodey, Richard A.

doi:10.2139/ssrn.2563607

Cited by 3 publications

(2 citation statements)

References 65 publications

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“…They found the results were consistent with those reported in Nippani and Medlin (2002). Goodell and Bodey (2012) examined price-earnings ratios of the S&P 500 firms around U.S. presidential elections and found that stock market valuations would be negatively relate to the lessening of election uncertainty.…”

Section: Literature Reviewsupporting

confidence: 79%

2016 U.S. Presidential Election and Stock Markets in China

Hoe¹,

Nippani²

2017

IJEF

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This study seeks to address the question if the 2016 U.S. Presidential election and Mr. Donald Trump's path to U.S. presidency affected the stock market returns in China. We do not find conclusive results from three leading stock indices of China, SHCOMP, SZCOMP, and SHSZ300. There is an immediate impact shown in SHSZ300, but not in SHCOMP and SZCOMP. We ascribe this to the impact of less sophisticated investors who dominate the stock market in China and also to that country's censorship of the media wherein the government could effectively either block or downplay the unfavorable information.

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Section: Literature Reviewsupporting

confidence: 79%

2016 U.S. Presidential Election and Stock Markets in China

Hoe¹,

Nippani²

2017

IJEF

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“…A wide strand of literature has concentrated their attention on the impacts of political uncertainty over US presidential elections on the US equity market (e.g., Goodell & Bodey, ; Goodell & Vahamaa, ; He et al, ; Jones & Banning, ; Li & Born, ; Nippani & Arize, ; Nippani & Medlin, , among others). Nippani and Arize (), Li and Born () and He et al () provided deep evidence that the heightened uncertainty surrounding the US presidential elections is sharply reflected in the behavior of stock prices.…”

Section: Introductionmentioning

confidence: 99%

The financial costs of political uncertainty: Evidence from the 2016 US presidential elections

Selmi

Bouoiyour

2019

Scottish J Political Eco

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The victory of Mr. Donald Trump came as a surprise to a wide range of market participants. Some of the elements of his economic plan were envisaged to affect all US sectors. This paper assesses the reactions of disaggregated US stock market to the 2016 US presidential election results, and possible deregulation that is to follow after his inauguration. We find that the different US sectors were significantly and varyingly influenced by the election result, and were greatly reactive during the days after the inauguration. This underscores that uncertainty tends to persist and even rises since the President‐elect took office.

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U.S. Presidential Elections and Implied Volatility: The Role of Political Uncertainty

Goodell

Vähämaa

2012

SSRN Journal

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Price-Earnings Changes During US Presidential Election Cycles: Voter Uncertainty and Other Determinants

Cited by 3 publications

References 65 publications

2016 U.S. Presidential Election and Stock Markets in China

2016 U.S. Presidential Election and Stock Markets in China

The financial costs of political uncertainty: Evidence from the 2016 US presidential elections

U.S. Presidential Elections and Implied Volatility: The Role of Political Uncertainty

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