Making political capital: the behaviour of UK financial markets during Election 97

James M. Steeley

doi:10.1080/09603100210100873

Making political capital: the behaviour of UK financial markets during Election 97

James M. Steeley

Accounting

Research output: Contribution to journal › Article › peer-review

Abstract

This article examines the behaviour of the UK capital markets during the overnight trading period that coincided with the announcement of the results of the UK general election in May 1997. Evidence that the financial markets responded to the evolving pattern of results is found. In addition, the consensus move experienced as the markets opened the next trading day was influenced by the extent of the moves that had already occurred overnight.

Original language	English
Pages (from-to)	85-95
Number of pages	11
Journal	Applied Financial Economics
Volume	13
Issue number	2
DOIs	https://doi.org/10.1080/09603100210100873
Publication status	Published - Feb 2003

Keywords

UK capital markets
general election
UK
1997

Access to Document

10.1080/09603100210100873

Cite this

@article{6e4ed5024395470a8a43462384029f37,

title = "Making political capital: the behaviour of UK financial markets during Election 97",

abstract = "This article examines the behaviour of the UK capital markets during the overnight trading period that coincided with the announcement of the results of the UK general election in May 1997. Evidence that the financial markets responded to the evolving pattern of results is found. In addition, the consensus move experienced as the markets opened the next trading day was influenced by the extent of the moves that had already occurred overnight.",

keywords = "UK capital markets, general election, UK, 1997",

author = "Steeley, {James M.}",

year = "2003",

month = feb,

doi = "10.1080/09603100210100873",

language = "English",

volume = "13",

pages = "85--95",

journal = "Applied Financial Economics",

issn = "0960-3107",

number = "2",

}

TY - JOUR

T1 - Making political capital

T2 - the behaviour of UK financial markets during Election 97

AU - Steeley, James M.

PY - 2003/2

Y1 - 2003/2

N2 - This article examines the behaviour of the UK capital markets during the overnight trading period that coincided with the announcement of the results of the UK general election in May 1997. Evidence that the financial markets responded to the evolving pattern of results is found. In addition, the consensus move experienced as the markets opened the next trading day was influenced by the extent of the moves that had already occurred overnight.

AB - This article examines the behaviour of the UK capital markets during the overnight trading period that coincided with the announcement of the results of the UK general election in May 1997. Evidence that the financial markets responded to the evolving pattern of results is found. In addition, the consensus move experienced as the markets opened the next trading day was influenced by the extent of the moves that had already occurred overnight.

KW - UK capital markets

KW - general election

KW - UK

KW - 1997

UR - https://www.tandfonline.com/doi/abs/10.1080/09603100210100873

U2 - 10.1080/09603100210100873

DO - 10.1080/09603100210100873

M3 - Article

SN - 0960-3107

VL - 13

SP - 85

EP - 95

JO - Applied Financial Economics

JF - Applied Financial Economics

IS - 2

ER -

Making political capital: the behaviour of UK financial markets during Election 97

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this