D’Arienzo, DanieleMurat-Prater, Karly2023-07-312023-07-312023-01-122022-12-16http://hdl.handle.net/10362/156031Studies 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.engUnited States electionsTrading volumeAbnormal tradingInvestor expectationsIndividual investorsmaster thesis203312341