The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study

Bibliographic Details
Main Author: Paiva, Henrique José Gaspar
Publication Date: 2021
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/122607
Summary: This paper addresses the noteworthy relevance of U.S. Politics in explaining the impact of corporate misconducts on stock returns. Using a database of regulatory violations in the U.S., the Event Study framework was employed to quantify, for each mis behavior, the resultant effect on the felonious firm’s stock. Those effects were then regressed on focal dummy variables, mirroring the acting political landscape. Ultimately, it is proven mis conducts happening under one party control of both Executive and Legislative branches tended to result in higher stock returns than if there is division of any sort. This research is among the first attempts to directly relate regulatory violations and Politics.
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spelling The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event studyPoliticsCorporate misconductsEvent studyAbnormal stock returnsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper addresses the noteworthy relevance of U.S. Politics in explaining the impact of corporate misconducts on stock returns. Using a database of regulatory violations in the U.S., the Event Study framework was employed to quantify, for each mis behavior, the resultant effect on the felonious firm’s stock. Those effects were then regressed on focal dummy variables, mirroring the acting political landscape. Ultimately, it is proven mis conducts happening under one party control of both Executive and Legislative branches tended to result in higher stock returns than if there is division of any sort. This research is among the first attempts to directly relate regulatory violations and Politics.Rizzo, EmanueleRUNPaiva, Henrique José Gaspar2021-08-17T10:27:51Z2021-01-112021-01-112021-01-11T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/122607TID:202740315enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T17:55:05Zoai:run.unl.pt:10362/122607Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T17:26:08.672413Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
title The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
spellingShingle The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
Paiva, Henrique José Gaspar
Politics
Corporate misconducts
Event study
Abnormal stock returns
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
title_full The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
title_fullStr The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
title_full_unstemmed The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
title_sort The importance of politics in analyzing stock market reaction to U.S. companies´ misconducts: an event study
author Paiva, Henrique José Gaspar
author_facet Paiva, Henrique José Gaspar
author_role author
dc.contributor.none.fl_str_mv Rizzo, Emanuele
RUN
dc.contributor.author.fl_str_mv Paiva, Henrique José Gaspar
dc.subject.por.fl_str_mv Politics
Corporate misconducts
Event study
Abnormal stock returns
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Politics
Corporate misconducts
Event study
Abnormal stock returns
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper addresses the noteworthy relevance of U.S. Politics in explaining the impact of corporate misconducts on stock returns. Using a database of regulatory violations in the U.S., the Event Study framework was employed to quantify, for each mis behavior, the resultant effect on the felonious firm’s stock. Those effects were then regressed on focal dummy variables, mirroring the acting political landscape. Ultimately, it is proven mis conducts happening under one party control of both Executive and Legislative branches tended to result in higher stock returns than if there is division of any sort. This research is among the first attempts to directly relate regulatory violations and Politics.
publishDate 2021
dc.date.none.fl_str_mv 2021-08-17T10:27:51Z
2021-01-11
2021-01-11
2021-01-11T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/122607
TID:202740315
url http://hdl.handle.net/10362/122607
identifier_str_mv TID:202740315
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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