Thiago de Sousa Barros

“Buy the rumor, sell the fact”: political narratives and stock prices in an emerging equity market

This paper asks whether political narratives can generate large, temporary price movements in an emerging equity market, not fully explained by observable fundamentals and benchmark movements, using Taurus Armas S.A. (TASA4), Brazil's only listed firearms manufacturer, around the 2018 election, in which gun policy...