Corporate political ties impact share prices: study

[UpInArms]

Source: Reuters

NEW YORK (Reuters) - Companies with a board member who has ties to a winning political party enjoy a significant bounce in their share price following an election, according to a study released on Monday.

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Seven days after the U.S. presidential election in 2000 companies in the benchmark Standard & Poor's 500 Index (.SPX) with board connections to the winning Republican party posted a nearly 3 percent increase in share price, the study said.

<snip>

The 2000 presidential election provided a strong test case because the tight race did not allow the market to anticipate a result, the study said. The outcome of voting on November 7 was not decided until a Supreme Court decision in December.

The level of political uncertainty is reflected in share price movements around two significant dates: on December 8 when a Florida court ordered a ballot recount, favoring a Democrat victory, and the final decision the night of December 12.

Read more: http://news.yahoo.com/s/nm/20080527/bs_nm/usa_politics_stocks_dc

[sofa king]

1. So the test case is the election the corporatists stole?

That's a helluva study. How about this hypothesis: let criminals steal elections, and they get richer.

[meow2u3]

2. You just found out?!

Get a brain, morans! It doesn't take Einstein to figure that out.