		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)
VARIABLES	LABELS	1-day compound abnormal return (30-day index-SBF120 model)	1-day compound abnormal return (30-day index-SBF120 model)	1-day compound abnormal return (30-day index-SBF120 model)	1-day compound abnormal return (30-day index-SBF120 model)	1-day compound abnormal return (30-day index-SBF120 model)	1-day compound abnormal return (30-day index-SBF120 model)	1-day compound abnormal return (30-day index-SBF120 model)	Disclosed to the AMF in less than 5 business days	Disclosed to the AMF in less than 5 business days	Disclosed to the AMF in less than 5 business days	Disclosed to the AMF in less than 5 business days	Disclosed to the AMF in less than 5 business days	Disclosed to the AMF in less than 5 business days	Disclosed to the AMF in less than 5 business days	Days to next firm results announcements	Days to next firm results announcements	Days to next firm results announcements	Days to next firm results announcements	Days to next firm results announcements	Days to next firm results announcements	Days to next firm results announcements
																						
inter	Sarkozy affiliate $\times$ Post-election	0.009	0.008*	0.009***	0.009***	0.009**	0.009**	0.009***	-0.126	-0.181***	-0.144*	-0.145**	-0.144*	-0.145*	-0.145**	-46.412	-43.923**	-46.049**	-46.013**	-46.194**	-46.011**	-37.393*
		(0.004)	(0.004)	(0.003)	(0.003)	(0.003)	(0.003)	(0.003)	(0.054)	(0.068)	(0.073)	(0.072)	(0.073)	(0.073)	(0.072)	(17.154)	(17.466)	(17.509)	(17.599)	(17.617)	(17.482)	(19.488)
																						
Note		Add group-randomized p-values							Add group-randomized p-values							Add group-randomized p-values						
Sample			Same executive status							Same executive status							Same executive status					
Relative's trades								Yes							Yes							Yes
Trade's value				Linear	Quadratic	Cubic	No trade value				Linear	Quadratic	Cubic	No trade value				Linear	Quadratic	Cubic	No trade value	
Robust standard errors in parentheses																						
