RT Journal Article SR Electronic T1 Can Equity Investors Profit from Elections? JF The Journal of Investing FD Institutional Investor Journals SP 27 OP 36 DO 10.3905/joi.2002.319492 VO 11 IS 1 A1 J. Benson Durham YR 2002 UL https://pm-research.com/content/11/1/27.abstract AB Indications that suggest equity investors can profit from elections are problematic for three reasons. First, the research assumes that political variables alone determine stock market performance. Therefore, this article controls for other factors, namely, total and systematic risk. Second, given the limited usefulness of temporal variance for practitioners, this study examines international data and thus broadens the potentially applicable findings. Third, the research provides minimal theory regarding “significant” relations; this article modifies the hypotheses to incorporate rational expectations. All in all, both evidence and theory regarding political effects are ambiguous.