THE EFFECT OF GENERAL ELECTIONS ON THE STOCK MARKET PERFORMANCE OF FIRMS: EVIDENCE FROM INDIA
Dublin Core
Title
THE EFFECT OF GENERAL ELECTIONS ON THE STOCK MARKET PERFORMANCE OF FIRMS: EVIDENCE FROM INDIA
Subject
Indian general election; Stock market; Difference-in-difference; Fixed Effect; Random Effect.
Description
The Indian general elections (Lok Sabha Elections) is billed as the „country‟s biggest festival.‟ India is the second most populous country in the world with around 900 million eligible voters in the year 2019. Making sure that all eligible voters poll their votes securely is difficult to do in a single day. Therefore, the election event in India lasts for several weeks. This paper studies the impact of Indian General Elections on the stock market performances of the firms using the election event data of 2004, 2009 and 2014 as the sample. Fixed Effect (FE) model, Random effect (RE) model and difference-in-difference (DID) methods are preformed to estimate the effect of general election event on the stock market performances of the firms, measured by market capitalization of the firms and their stock returns.
Creator
Richa Garg*1, Shahzad Munir*2, Sohail Raza3
Source
https://jurnal.stie-aas.ac.id/index.php/IJEBAR
Date
2022
Contributor
PERI IRAWAN
Format
PDF
Language
ENGLISH
Type
TEXT
Files
Collection
Citation
Richa Garg*1, Shahzad Munir*2, Sohail Raza3, “THE EFFECT OF GENERAL ELECTIONS ON THE STOCK MARKET PERFORMANCE OF FIRMS: EVIDENCE FROM INDIA,” Repository Horizon University Indonesia, accessed May 3, 2025, https://repository.horizon.ac.id/items/show/8008.