Systematic literature review on election and stock performance
Political factor is one of the main factors that influence investors’ decision-making. Considering that, this study presents a systematic review of the research work, published on the topic of election effects and stock market behaviour. Through Preferred Reporting Items for Systematic Reviews and M...
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| Format: | Article |
| Language: | English English |
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Penerbit UMS
2023
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| Online Access: | https://eprints.ums.edu.my/id/eprint/37275/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/37275/2/FULL%20TEXT.pdf |
| _version_ | 1825715348512440320 |
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| author | Choo, Qin Jinga Chia, Ricky Chee Jiun |
| author_facet | Choo, Qin Jinga Chia, Ricky Chee Jiun |
| author_sort | Choo, Qin Jinga |
| collection | UMS |
| description | Political factor is one of the main factors that influence investors’ decision-making. Considering that, this study presents a systematic review of the research work, published on the topic of election effects and stock market behaviour. Through Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), this study critically assessed and examined sixteen research studies, published between 1995 and 2021, in different regions across the globe. Based on the outcomes, most of these past studies highlighted that the election effects rely entirely on the political climate. If the election outcome benefits the economy, stock markets react positively. Moreover, stock market volatility was noted to be significantly impacted by elections. Higher volatility induced by election whenever there is unforeseen outcome and volatility adjusted back to normal when uncertainty resolve. The findings of this review are expected to reveal the knowledge of theoretical and literature significance on stock market behaviour around elections to researches and investor community. Finally, this paper reveals some significant research gap to advance the research agenda for future research. |
| first_indexed | 2024-03-06T03:25:29Z |
| format | Article |
| id | ums.eprints-37275 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:25:29Z |
| publishDate | 2023 |
| publisher | Penerbit UMS |
| record_format | dspace |
| spelling | ums.eprints-372752023-09-19T02:47:30Z https://eprints.ums.edu.my/id/eprint/37275/ Systematic literature review on election and stock performance Choo, Qin Jinga Chia, Ricky Chee Jiun HG4701-4751 Government securities. Industrial securities. Venture capital JS221-227 Elections. Local elections. Municipal elections Political factor is one of the main factors that influence investors’ decision-making. Considering that, this study presents a systematic review of the research work, published on the topic of election effects and stock market behaviour. Through Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), this study critically assessed and examined sixteen research studies, published between 1995 and 2021, in different regions across the globe. Based on the outcomes, most of these past studies highlighted that the election effects rely entirely on the political climate. If the election outcome benefits the economy, stock markets react positively. Moreover, stock market volatility was noted to be significantly impacted by elections. Higher volatility induced by election whenever there is unforeseen outcome and volatility adjusted back to normal when uncertainty resolve. The findings of this review are expected to reveal the knowledge of theoretical and literature significance on stock market behaviour around elections to researches and investor community. Finally, this paper reveals some significant research gap to advance the research agenda for future research. Penerbit UMS 2023 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/37275/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/37275/2/FULL%20TEXT.pdf Choo, Qin Jinga and Chia, Ricky Chee Jiun (2023) Systematic literature review on election and stock performance. Labuan Bulletin of International Business &Finance, 21. pp. 61-77. https://doi.org/10.51200/lbibf.v21i1.4093 |
| spellingShingle | HG4701-4751 Government securities. Industrial securities. Venture capital JS221-227 Elections. Local elections. Municipal elections Choo, Qin Jinga Chia, Ricky Chee Jiun Systematic literature review on election and stock performance |
| title | Systematic literature review on election and stock performance |
| title_full | Systematic literature review on election and stock performance |
| title_fullStr | Systematic literature review on election and stock performance |
| title_full_unstemmed | Systematic literature review on election and stock performance |
| title_short | Systematic literature review on election and stock performance |
| title_sort | systematic literature review on election and stock performance |
| topic | HG4701-4751 Government securities. Industrial securities. Venture capital JS221-227 Elections. Local elections. Municipal elections |
| url | https://eprints.ums.edu.my/id/eprint/37275/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/37275/2/FULL%20TEXT.pdf |
| work_keys_str_mv | AT chooqinjinga systematicliteraturereviewonelectionandstockperformance AT chiarickycheejiun systematicliteraturereviewonelectionandstockperformance |