Tiniç, MuratTavsanli, Melike BetulTinic, Murat2023-10-192023-10-19202301350-48511466-4291https://doi.org/10.1080/13504851.2022.2063788https://hdl.handle.net/20.500.12469/5431We examine the stock market response to parliamentary elections in post-communist countries of the European Union. We document that the long-term market response to an election is -200 basis points (bps). The response is symmetric across the ideology of the winner party. Moreover, we show that aggregate responses are driven by elections with policy uncertainty due to the transition of power across ideologies. The long-term market response to right (left) victories after left (right) governments is -500 bps (-600bps).eninfo:eu-repo/semantics/closedAccessPolitical Uncertainty2-Party SystemPolicyEconomyRiskPolitical UncertaintyPolicy uncertainty2-Party SystemelectionsPolicystock market responseEconomyevent studyRiskEuropean UnionArticle148314871130WOS:00078285800000110.1080/13504851.2022.20637882-s2.0-85129335440Q3Q3