Beaulieu, Marie-Claude
[VerfasserIn]
;
Essaddam, Naceur
[Sonstige Person, Familie und Körperschaft];
Cosset, Jean-Claude
[Sonstige Person, Familie und Körperschaft]
Political Uncertainty and Stock Market Returns
: Evidence from the 1995 Quebec Referendum
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 2005 erstellt
Beschreibung:
In this study, we investigate the short run effect of the October 30th, 1995 Quebec referendum on the common stock returns of Quebec firms. Our results show that the uncertainty surrounding the referendum outcome had an impact on stock returns of Quebec firms. We also find that the effect of the referendum varied with the political risk exposure of Quebec firms, that is, the structure of assets and principally the degree of foreign involvement