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Publication - Professor Daniella Acker

    Political risk, investor attention and the Scottish Independence referendum

    Citation

    Acker, D & Duck, NW, 2015, ‘Political risk, investor attention and the Scottish Independence referendum’. Finance Research Letters, vol 13., pp. 163-171

    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.

    Full details in the University publications repository