Exhibit 761 ยท Peer-reviewed study
Abnormal Returns from the Common Stock Investments of the U.S. Senate
We document that a portfolio that mimics the purchases of U.S. Senators beats the market by 85 basis points per month, while a portfolio that mimics the sales of Senators lags the market by 12 basis points per month.
Studies Senators' common stock trades 1993-1998. Finds Senators' purchases beat the market and their sales lagged it.
- Source
- Ziobrowski, Cheng, Boyd and Ziobrowski, Journal of Financial and Quantitative Analysis 39(4):661-676
- Date
- December 2004
- Quoted from
- Abstract (via Crossref)
- Grade
- Peer-reviewed
- Document
- https://doi.org/10.1017/S0022109000003161
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit