JEL Classification System
G14, M40, M41
Abstract
This study aimed to deliver a concise overview of the market reaction towards a political connection (PCON) through the identification and analyses of the event announcements and outcomes of the events related to PCON firms and stock market reactions. The Scopus and Jstor databases via the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), which are used to analyse previous studies, were utilised. The initial systematic search resulted in 8,518 records, which was narrowed to 16 articles through a process of elimination. It was found that PCON firms reacted positively, negatively, or a combination of the two to the event announcement through internal and external factors. Most of the studies were identified as being linked to General Election (GE) events and connected to political parties. The present study offers implications for future studies on utilising other searching techniques (reference searching, snowballing, citation tracking) and also enriches the literature by focusing on similar studies in other developing areas as well as in developed countries if pursued.
Recommended Citation
Zahira Rusli, Arina Rus; Shafie, Rohami; and Malek, Mazrah
(2022)
"Investors’ Response to Political Connections: A Systematic Review,"
DLSU Business & Economics Review: Vol. 32:
No.
1, Article 15.
DOI: https://doi.org/10.59588/2243-786X.1183
Available at:
https://animorepository.dlsu.edu.ph/ber/vol32/iss1/15
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