Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    The role of political uncertainty in Australian financial markets

    227312_227312.pdf (1.027Mb)
    Access Status
    Open access
    Authors
    Smales, Lee
    Date
    2015
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Smales, L. 2015. The role of political uncertainty in Australian financial markets. Accounting & Finance. 56 (2): pp. 545-575.
    Source Title
    Accounting & Finance
    DOI
    10.1111/acfi.12107
    ISSN
    08105391
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/38374
    Collection
    • Curtin Research Publications
    Abstract

    Within the developed world, recent Australian political history is uniquely turbulent. This situation invokes indecision regarding investment decisions in both the real economy and the financial markets. This paper explores the relationship between uncertainty in Australian federal election polling and resulting financial market uncertainty. Empirical evidence suggests that increasing (decreasing) levels of uncertainty around the election result induce higher (lower) levels of uncertainty in financial markets. The effect is more pronounced as polling day approaches. Industry-level analysis suggests that the base materials sector is most significantly affected by election uncertainty in Australia

    Related items

    Showing items related by title, author, creator and subject.

    • Political Uncertainty and Financial Market Uncertainty in an Australian context
      Smales, Lee (2014)
      This paper seeks to investigate the influence of political uncertainty, surrounding the Australian federal election cycle, on financial market uncertainty. Measures of political uncertainty are constructed and their ...
    • Green bonds and traditional and emerging investments: Understanding connectedness during crises
      Xu, D.; Hu, Y.; Corbet, S.; Hou, Y.; Oxley, Leslie (2024)
      This paper investigates dynamic connectedness between US green bonds and major implied volatility indices from stock, crude oil, gold, exchange rate and cryptocurrency markets through the application of a novel TVP-VAR ...
    • Better the devil you know: The Influence of Political Incumbency on Australian Financial Market Uncertainty
      Smales, Lee (2015)
      The Australian federal election cycle, which occurs approximately every 3 years, causes much media attention and invokes indecision regarding investment decisions in both the real economy and financial markets. This paper ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin would like to pay respect to the Aboriginal and Torres Strait Islander members of our community by acknowledging the traditional owners of the land on which the Perth campus is located, the Whadjuk people of the Nyungar Nation; and on our Kalgoorlie campus, the Wongutha people of the North-Eastern Goldfields.