Are Policy Platforms Capitalized into Equity Prices? Evidence from the Bush/Gore 2000 Presidential Election

By Brian G. Knight. 2006

267 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/26f06ea0daf016308cfcb673bc79a8c944833c9a

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Citations in the corpus

Betting on Hitler—The Value of Political Connections in Nazi Germany (2005, unknown): “Knight (2007) examined stock market responses to the changing election prospects of Bush vs. Gore in the run-up to the 2000 election.”
Election uncertainty, economic policy uncertainty and financial market uncertainty: A prediction market analysis (2020, background): “For instance, Knight (2006) and Mattozzi (2008) consider the impact of daily changes in election-outcome probabilities on daily changes in stock prices through a partisan lens, whereby differing candidate policies are expected to benefit individual companies or industries.”
Corporate Lobbying Revisited (2008, background): “Fisman (2001) shows the importance of political connections in the Indonesian stock market; Jayachandran (2006) finds that the U.S. equity market is affected by the control of Congress; Knight (2006) shows that policy platforms are capitalized in the equity prices.”
The Real Effects of Political Uncertainty: Elections and Investment Sensitivity to Stock Prices (2010, background): “Fisman (2001), Santa-Clara and Valkanov (2003), Leblang and Mukherjee (2005), Bernhard and Leblang (2006), Knight (2006), Snowberg et al. (2007), Wolfers and Zitzewitz (2009), and Belo, Gala, and Li (2010) relate political variables to stock market performance.”
Revolving door lobbyists (2012, background): “…vast literature on the impact of money on politics (Ansolabehere et al. 2003, Stratmann 2005) and to relatively recent research arguing that political connections matter for firm value (Fisman 2001, Johnson and Mitton 2003, Khwaja and Mian 2005, Knight 2006, Faccio 2006, Ferguson and Voth 2008).”
Political connections, SEC enforcement and accounting quality (2009, unknown): “Under this 2 Many of these studies use an event study approach and examine firm returns surrounding events that change the value of their established connections, such as changes in Senate control (Jayachandran, 2006), presidential election events (Knight, 2006; Shon, 2006; Goldman et al., 2009), th”
Company stock price reactions to the 2016 election shock: Trump, taxes, and trade (2018, background): “Knight (2007) studies stock prices of 70 politically sensitive firms and election odds in a prediction market in the run-up to the Bush/Gore election of 20 0 0. form to be much more likely than under alternative election outcomes.”
The effects of media slant on firm behavior (2018, unknown): “Following Dyck and Zingales (2002), we argue that the media plays a significant role in shaping the public image of a firm and thereby encourages firms to take socially acceptable actions.”
Politically Connected Boards of Directors and the Allocation of Procurement Contracts (2013, result): “Thus, our paper also adds to the growing body of research such as Fisman (2001), Faccio (2006), Jayachandran (2006) and Knight (2007), who analyze the impact of other types of political connections on stock returns of firms in countries with high levels of corruption.”
Political Geography and Stock Returns: The Value and Risk Implications of Proximity to Political Power (2012, unknown): “9 See also Knight (2006), Shon (2006), and Jayachandran (2006) for evidence that firms benefit from political contributions.”
Estimating the Value of Connections to Vice-President Cheney (2012, background): “Broadly, we follow the approach of Knight (2006), who studies the correlation of the returns of firms favored by Bush or Gore policies with the Iowa Electronics Market (IEM) probability of a Bush victory.”