Beurs en risico-mijding – Political cycles and stock returns
De beurs blijkt het in de praktijk tijdens Democratische presidenten beter te doen dan onder Republikeinse. Maar er zit een addertje onder dat gras.
Why does the stock market tend to do better under Democrat Presidents than Republican ones? In this video, Pietro Veronesi of the University of Chicago’s Booth School of Business explains how the evidence seems to show that when risk aversion is very high, during ‘bad times’, voters are more to elect Democrat candidates, thus improvements in stock market performance are more visible under Democratic presidencies.
Pietro Veronesi is Roman Family Professor of Finance, University of Chicago Booth School of Busines
Publicatie 7 september