The Differential Impact of Brexit on Banking: UK vs. Europe
ABSTRACT: The objective of this study is to analyse the differential impact that the main events in the implementation of Brexit have had on the European-banking sector, and attempt to identify whether said impact has been different for UK and European banks. To do this, we selected a sample of UK b...
| Autores: | , |
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| Formato: | artículo |
| Fecha de publicación: | 2020 |
| País: | España |
| Recursos: | Universidad de Cantabria (UC) |
| Repositorio: | UCrea Repositorio Abierto de la Universidad de Cantabria |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.unican.es:10902/20172 |
| Acesso em linha: | http://hdl.handle.net/10902/20172 |
| Access Level: | acceso abierto |
| Palavra-chave: | Brexit Event study Banking Market reaction Abnormal returns |
| Resumo: | ABSTRACT: The objective of this study is to analyse the differential impact that the main events in the implementation of Brexit have had on the European-banking sector, and attempt to identify whether said impact has been different for UK and European banks. To do this, we selected a sample of UK banks listed on the stock exchange and a control group composed of banks belonging to European countries of a similar size to the UK banks. We used event study methodology to determine the impact, which was measured by the market reaction. The obtained results allow us to state that UK banks reacted differently from European banks in response to the same events that have defined the path of Brexit, and generally more negatively. |
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