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2017
- ISIDORE Id: 10670/1.2a52f6...
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Scrip Investment securities Securities law Capitalization (Finance) Blue sky laws Securities--Law and legislation Portfolio Underwriting Electoral politics Political behavior Politics Mass political behavior Practical politics Political thought Government Political theory Civil government Commonwealth, The Science, Political Administration Politics Competence Investing Investment management Portfolio Article Funds Funding Competitive examinations Tests Codes Contractions Politics and suffrage Government and politics Politics Political history Finance, commerce, confiscations, etcCiter ce document
Gérard Charreaux, « Finance and Politics: Does the Stock Market Prefer the Left? », Revue d'économie financière, ID : 10670/1.2a52f6...
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In the United States, stock market performance seems to be significantly higher when the Democrats are in power. Although tests are rarer, it seems that such a partisan premium also exists in France under the Left. The objective of this article is to verify whether the existence of such a premium is confirmed over the period 1981-2016 when the method used allows neutralizing the impact of the international conjuncture. The point of view is that of a US investor who manages an internationally diversified portfolio. The results confirm the existence of a partisan premium in favour of the Left.JEL Codes: E44, G11, G12, G15.
