Political risk, investor attention and the Scottish Independence referendum

Daniella Acker; Nigel W Duck

doi:10.1016/j.frl.2015.01.008

Political risk, investor attention and the Scottish Independence referendum

Daniella Acker, Nigel W Duck

School of Accounting and Finance - Business School

Research output: Contribution to journal › Article (Academic Journal) › peer-review

3 Citations (Scopus)

Abstract

Using data relating to the Scottish Independence referendum and a purely market-driven method for estimating the sensitivity of stocks to its result we provide evidence that the political risk associated with the referendum was priced and that investors appeared to pay attention primarily to the most visible information about the likely referendum result.

Original language	English
Pages (from-to)	163-171
Number of pages	9
Journal	Finance Research Letters
Volume	13
Early online date	10 Feb 2015
DOIs	https://doi.org/10.1016/j.frl.2015.01.008
Publication status	Published - 1 May 2015

Research Groups and Themes

AF Corporate Finance

Keywords

Pricing of risk; Investor inattention; Scottish referendu

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Emeritus Professor Daniella E Acker
- Daniella.Ackerbristol.acuk
- School of Accounting and Finance - Business School - A&F Emeritus Professor
Person: Honorary and Visiting Academic

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title = "Political risk, investor attention and the Scottish Independence referendum",

abstract = "Using data relating to the Scottish Independence referendum and a purely market-driven method for estimating the sensitivity of stocks to its result we provide evidence that the political risk associated with the referendum was priced and that investors appeared to pay attention primarily to the most visible information about the likely referendum result.",

keywords = "Pricing of risk; Investor inattention; Scottish referendu",

author = "Daniella Acker and Duck, {Nigel W}",

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AB - Using data relating to the Scottish Independence referendum and a purely market-driven method for estimating the sensitivity of stocks to its result we provide evidence that the political risk associated with the referendum was priced and that investors appeared to pay attention primarily to the most visible information about the likely referendum result.

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DO - 10.1016/j.frl.2015.01.008

M3 - Article (Academic Journal)

SN - 1544-6123

VL - 13

SP - 163

EP - 171

JO - Finance Research Letters

JF - Finance Research Letters

ER -

Political risk, investor attention and the Scottish Independence referendum

Abstract

Research Groups and Themes

Keywords

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Emeritus Professor Daniella E Acker

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