The impact of the delay in the declaration of a winner in the U.S. Presidential Election of 2000 on the performance of stock markets is examined in this study. We present evidence indicating that the stock market performance was different from a pre-event comparison period. Conventional t-tests and a dummy variable regression that controls for interest rate movements are used to present evidence indicating that there was a significant initial negative reaction to the delay in the election results.
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The authors thank Roy F. Cabaniss and Luellen A. Jones for editorial suggestions.
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Nippani, S., Medlin, W.B. The 2000 Presidential Election and the stock market. J Econ Finan 26, 162–169 (2002). https://doi.org/10.1007/BF02755983
- Stock Market
- Presidential Election
- Wall Street Journal
- Election Result
- Event Window