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

dc.contributor.author	Bonilla, Claudio A.
dc.contributor.author	Contreras, Harold
dc.contributor.author	Sepúlveda, Jean P.
dc.date.accessioned	2016-01-22T10:10:49Z
dc.date.available	2016-01-22T10:10:49Z
dc.date.issued	2014
dc.description.abstract	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 Piñera. We study the effect that Piñera'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 Piñera would be elected president. That expectation continued throughout the entire presidential campaign.
dc.identifier.citation	Emerging Markets Finance and Trade, 2014, 50: 121-133, supplement 1
dc.identifier.uri	http://hdl.handle.net/11447/180
dc.identifier.uri	http://dx.doi.org/10.2753/REE1540-496X5001S108
dc.language.iso	en_US
dc.subject	Chile
dc.subject	Financial markets
dc.subject	Presidential elections
dc.title	Financial Markets and Politics: The Piñera Effect on the Chilean Capital Market
dc.type	Artículo

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