Agrrawal’s research published in Managerial Finance

Pankaj Agrrawal, an associate professor of finance at the University of Maine, was a co-author on the paper “Is the ‘sell in May and go away’ adage the result of an election-year effect?” published in Managerial Finance, 44 (9): May 2018. The paper shows there is a certain repetition of the effect of summer doldrums every two years, when investors avoid building positions before the November elections. This new research includes the effects of gubernatorial midterm elections.