Bonilla, Claudio A.Contreras, HaroldSepúlveda, Jean P.2016-01-222016-01-222014Emerging Markets Finance and Trade, 2014, 50: 121-133, supplement 1http://hdl.handle.net/11447/180http://dx.doi.org/10.2753/REE1540-496X5001S108The 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.en-USChileFinancial marketsPresidential electionsArtículo