Purpose – The study is a test for the existence of an international stock market anomaly. Design/methodology/approach - To test for holiday anomalies over a ten year period, the study examines six major international indices using dummy variable regressions with continuous data and simple...

We argue that U.S. senators from the same state and in the same party form different winning coalitions. We also develop a theory that stipulates that parties encourage these senators to form very distinct constituency coalitions. Parties use committee assignments as a carrot to give these...