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Title: Political Uncertainty and Stock Market Returns: Evidence from the 1995 Quebec Referendum
Authors: Beaulieu, Marie-Claude
Cosset, Jean-Claude
Essaddam, Naceur
Keywords: Political uncertainty
Stock market returns
1995 Québec referendum
Issue Date: 2005-10
Series/Report no.: Cahiers du CIRPÉE;05-31
Abstract: 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.
URI: http://132.203.59.36/CIRPEE/cahierscirpee/2005/files/CIRPEE05-31.pdf
https://depot.erudit.org/id/002060dd
Appears in Collections:Cahiers de recherche du CIRPÉE

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