Financial Markets and Politics: The Pi era Effect on the Chilean Capital Market

被引：4

作者：

Bonilla, Claudio A. ^{[1
]}

Contreras, Harold ^{[1
]}

Sepulveda, Jean P. ^{[2
]}

机构：

[1] Univ Chile, Sch Business & Econ, Santiago, Chile

[2] Univ Desarrollo, Sch Business & Econ, Concepcion, Chile

来源：

EMERGING MARKETS FINANCE AND TRADE | 2014年 / 50卷

关键词：

Chile; financial markets; presidential elections; STOCK-MARKET; CORPORATE GOVERNANCE; ELECTIONS; UNCERTAINTY;

D O I：

10.2753/REE1540-496X5001S108

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The 2010 presidential election in Chile marked a change from the center-left coalition that governed the country for twenty years to a center-right coalition led by politician and businessman Sebastian Pinera. We study the effect that Pinera's presidential campaign had on the Chilean capital market. By using a panel of forty-nine companies during a period of thirteen months prior to the election, we find that there was a positive and significant effect on the capital market because of the expectation that Pinera would be elected president. That expectation continued throughout the entire presidential campaign.

引用

页码：121 / 133

页数：13

共 21 条

[1]

Allvine FredC., 1980, Financial Analysts Journal, V36, P49

[2]

[Anonymous], 1997, The econometrics of financial markets, DOI DOI 10.1515/9781400830213

[3] What Matters in Corporate Governance? [J].