Presidential Elections and Stock Returns in Egypt
Review of Business & Finance Studies, v. 4 (2) p. 63-68
6 Pages Posted: 5 Sep 2013
Date Written: 2013
This paper examines the relationship between two Presidential elections and stock returns in Egypt. The available literature showed mixed results on the relationship between Presidential Elections and stock returns. The author examined daily data and used an OLS regression. Each Event Window covered 90 days around the Presidential Election. The results showed that both elections had positive impact on the stock returns in Egypt.
Keywords: Egypt, Event Studies, Presidential Elections
JEL Classification: F30, G14, G17
Suggested Citation: Suggested Citation