Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology
This study measured the individual and conjoint effects of Argentina’s primaries and first- and second-voting presidential election results, as well as their post-election comparative effects, on the stock market performance of its most relevant economic sectors. Within four different estimation met...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-12-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/13/1/1 |
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| author | Eduardo Enrique Sandoval Álamos Claudio René Molina Mac-Kay Erwin Octavio Taipe Aquino |
| author_facet | Eduardo Enrique Sandoval Álamos Claudio René Molina Mac-Kay Erwin Octavio Taipe Aquino |
| author_sort | Eduardo Enrique Sandoval Álamos |
| collection | DOAJ |
| description | This study measured the individual and conjoint effects of Argentina’s primaries and first- and second-voting presidential election results, as well as their post-election comparative effects, on the stock market performance of its most relevant economic sectors. Within four different estimation methods, the state-space specification outperformed the rest. The findings suggest that investors can under/overreact compared to post-election sectors performance, the public services sector being the exception. Therefore, those investors who anticipated the election results by liquidating positions in companies in the materials sector and investing more in companies in the energy and other industrial sectors achieved a superior performance. |
| format | Article |
| id | doaj-art-f6ea093ada124d5ab1c2239558373436 |
| institution | Kabale University |
| issn | 2227-9091 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj-art-f6ea093ada124d5ab1c22395583734362025-01-24T13:48:17ZengMDPI AGRisks2227-90912024-12-01131110.3390/risks13010001Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study MethodologyEduardo Enrique Sandoval Álamos0Claudio René Molina Mac-Kay1Erwin Octavio Taipe Aquino2Facultad de Ingeniería, Departamento de Industria, Universidad Tecnológica Metropolitana, Santiago 8940000, ChileFacultad de Administración y Economía, Departamento de Contabilidad y Gestión Financiera, Universidad Tecnológica Metropolitana, Santiago 8940000, ChileFacultad de Ingeniería, Departamento de Industria, Universidad Tecnológica Metropolitana, Santiago 8940000, ChileThis study measured the individual and conjoint effects of Argentina’s primaries and first- and second-voting presidential election results, as well as their post-election comparative effects, on the stock market performance of its most relevant economic sectors. Within four different estimation methods, the state-space specification outperformed the rest. The findings suggest that investors can under/overreact compared to post-election sectors performance, the public services sector being the exception. Therefore, those investors who anticipated the election results by liquidating positions in companies in the materials sector and investing more in companies in the energy and other industrial sectors achieved a superior performance.https://www.mdpi.com/2227-9091/13/1/1individual and conjoint effectsstate-space specificationsuperior stock performance |
| spellingShingle | Eduardo Enrique Sandoval Álamos Claudio René Molina Mac-Kay Erwin Octavio Taipe Aquino Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology Risks individual and conjoint effects state-space specification superior stock performance |
| title | Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology |
| title_full | Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology |
| title_fullStr | Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology |
| title_full_unstemmed | Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology |
| title_short | Measuring the Impacts of Argentina’s Presidential Election Process in 2023 on the Stock Market Performance Using a Dynamic Event Study Methodology |
| title_sort | measuring the impacts of argentina s presidential election process in 2023 on the stock market performance using a dynamic event study methodology |
| topic | individual and conjoint effects state-space specification superior stock performance |
| url | https://www.mdpi.com/2227-9091/13/1/1 |
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