Abnormal Returns from the Common Stock Investments of the U.S. Senate

  title={Abnormal Returns from the Common Stock Investments of the U.S. Senate},
  author={Alan J. Ziobrowski and Ping Cheng and James W. Boyd and Brigitte J. Ziobrowski},
  journal={Journal of Financial and Quantitative Analysis},
  pages={661 - 676}
Abstract The actions of the federal government can have a profound impact on financial markets. As prominent participants in the government decision making process, U.S. Senators are likely to have knowledge of forthcoming government actions before the information becomes public. This could provide them with an informational advantage over other investors. We test for abnormal returns from the common stock investments of members of the U.S. Senate during the period 1993–1998. We document that a… Expand
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  • Boston Univ
  • 2001