A carregar...
Publicação
The value of volume: United States presidential elections and trading volume response
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 335.95 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Studies have found that there is a market reaction to the introduction of new policies and
elections. Additionally, past research has demonstrated that firm-specific events contain
information that can lead to abnormal trading volume. However, little has been done to establish
a link between investors’ reaction to political events and trading volume. In this paper, I examine
the impact of United States presidential elections on investors’ trading behavior through a trading
volume event study. I find that there was positive abnormal trading after the 2016 and 2020
elections, and that the effect was more pronounced after the 2016 election.
Descrição
Palavras-chave
United States elections Trading volume Abnormal trading Investor expectations Individual investors