Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets
(2020)
Journal Article
Hudson, R., Urquhart, A., & Zhang, H. (2020). Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets. European Economic Review, 129, Article 103523. https://doi.org/10.1016/j.euroecorev.2020.103523
This paper investigates whether the impact of Brexit on financial markets is consistent with rational asset pricing models using 34 financial indices. Our results indicate that, whilst Brexit events affect both the risk and returns of stocks, the ret... Read More about Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets.