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      Effects of New Zealand general elections on stock market returns

      Abidin, Sazali Zainal; Old, Clare; Martin, Thomas
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      Abidin, S.Z., Old, C. & Martin, T. (2010). Effects of New Zealand general elections on stock market returns. International Review of Business Research Papers, 6(6), 1-12.
      Permanent Research Commons link: https://hdl.handle.net/10289/6577
      Abstract
      This paper examines stock returns under both National and Labour governments in New Zealand, offering further insight into the existence of the political cycle effect. Findings indicate the existence of a political cycle effect in stock returns, consistent with a number of recent studies performed within both Australia and New Zealand. New Zealand’s right-of-centre National party are found to be associated with significantly higher stock returns during their terms in office than their left-of-centre counterparts, the Labour party. Our findings add to a growing body of literature, particularly outside of the United States, where investors can expect stock returns to vary depending upon the governing political party and can make better investment decisions accordingly.
      Date
      2010
      Type
      Journal Article
      Publisher
      World Business Institute
      Rights
      This article has been published in the journal: International Review of Business Research Papers. Used with permission.
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      • Management Papers [1101]
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