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

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

2 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

Structured keywords

AF Corporate Finance

Keywords

Pricing of risk; Investor inattention; Scottish referendu

Access to Document

10.1016/j.frl.2015.01.008

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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}",

year = "2015",

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AU - 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)

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JF - Finance Research Letters

SN - 1544-6123

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