Political risk, investor attention and the Scottish Independence referendum

Daniella Acker, Nigel W Duck

Research output: Contribution to journalArticle (Academic Journal)peer-review

3 Citations (Scopus)


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 languageEnglish
Pages (from-to)163-171
Number of pages9
JournalFinance Research Letters
Early online date10 Feb 2015
Publication statusPublished - 1 May 2015

Structured keywords

  • AF Corporate Finance


  • Pricing of risk; Investor inattention; Scottish referendu


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