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 |
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Pages (from-to) | 163-171 |
Number of pages | 9 |
Journal | Finance Research Letters |
Volume | 13 |
Early online date | 10 Feb 2015 |
DOIs | |
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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Dive into the research topics of 'Political risk, investor attention and the Scottish Independence referendum'. Together they form a unique fingerprint.Profiles
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Emeritus Professor Daniella E Acker
- School of Accounting and Finance - Business School - A&F Emeritus Professor
Person: Honorary and Visiting Academic