An event study on the impact of the 1998 and 2004 national elections on stock return volatility

• Main Authors: Baylon, Chris Richard G., Bondoc, Gemina Gail R., Ignacio, Mark Anthony O., Mendoza, Justine Kristoffer S.
• Format: text
• Language: English
• Published: Animo Repository 2010
• Subjects: Stocks > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18510
• Institution: De La Salle University

This paper is in line with Lee and Rui (2002) where the relationship between stock return volatility and trading volumes are found to be in line with the concept of EMH. Lee and Rui (2002) used the impact of volatility on trading volume to analyze and make a conclusion out of an event. Lim, S. et al. (2004) used the event study method to discuss information about upcoming mergers & acquisitions of banks in the Philippines and its effect on the stock return volatility around the M&A date. This study deviates from the previous studies by choosing presidential elections as the event date. Upcoming information would be news regarding national elections in the Philippines and other significant news about the industry for the years 1998 and 2004.