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The sectoral effects of Brexit on the British economy: early evidence from the reaction of the stock market

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dc.contributor.authorRamiah, V.
dc.contributor.authorPham, H.N.A.
dc.contributor.authorMoosa, I.
dc.date.issued2017
dc.description.abstractWe investigate the impact of the outcome of the EU referendum (Brexit) on various sectors of the British economy over the period June–July 2016. Using the event study methodology, we assess the effects of Brexit, relative to what had been anticipated, as measured by abnormal returns (ARs). The results show that the banking and travel and leisure sectors were affected negatively, with a cumulative AR of −15.37% for the banking sector. We observe that Brexit has a mixed effect on ARs with apparent sector-by-sector differences.
dc.identifier.citationApplied Economics, 2017; 49(26):2508-2514
dc.identifier.doi10.1080/00036846.2016.1240352
dc.identifier.issn1466-4283
dc.identifier.issn1466-4283
dc.identifier.urihttps://hdl.handle.net/11541.2/124908
dc.language.isoen
dc.publisherRoutledge
dc.rightsCopyright 2016 Informa UK Limited, trading as Taylor & Francis Group.
dc.source.urihttps://doi.org/10.1080/00036846.2016.1240352
dc.subjectEU referendum
dc.subjectBREXIT
dc.subjectabnormal returns
dc.subjectevent study
dc.subjectsystematic risk
dc.titleThe sectoral effects of Brexit on the British economy: early evidence from the reaction of the stock market
dc.typeJournal article
pubs.publication-statusPublished
ror.mmsid9916094409401831

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