Brexit. Stock Market Reactions and Short-Term Reward of Geographic Business Diversification on British and European Index and Industry Level

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Literature Review
  • Multinationality
  • Industries
    • Energy
    • Basic Materials
    • Industrials
    • Consumer Cyclicals
    • Consumer Non-Cyclicals
    • Financial Sector
    • Healthcare
    • Technology
    • Telecommunication Services
    • Utilities
• Data and Methodology
  • Stock Market Reactions and Related Losses
    • Structural Break
    • Difference-in-Differences
  • Multinationality
    • Event Study
    • Hypothesis Testing - Statistical Analysis
• Empirical Results
  • Stock Market Reactions and Related Losses
    • Structural Break of Stock and Forex Markets
    • Difference-in-Differences
  • Multinationality Hypothesis on Index Level
    • Event Study
    • Event Study Exchange Rate Adjusted
    • Hypothesis Testing
  • Multinationality Hypothesis on Industry Level
    • Event Study
    • Mean Reversion
    • Hypothesis Testing

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This research examines the impact of the UK's decision to leave the European Union on the stock markets of the UK and the Eurozone. The study investigates the stock market reactions and related losses, considering the influence of multinationality on index and industry levels.

• Stock Market Reactions and Related Losses
• Multinationality Hypothesis on Index and Industry Level
• Event Study Methodology
• Statistical Analysis and Hypothesis Testing
• Empirical Results and Findings

Zusammenfassung der Kapitel (Chapter Summaries)

The Introduction sets the stage for the research, outlining the significance of the UK's departure from the EU and its potential impact on stock markets. It defines the key research questions and provides a roadmap for the study. The Literature Review surveys existing literature relevant to the research topic, including the concept of multinationality and its implications for stock market performance. This section delves into different industries and their potential responses to the UK's exit from the EU. The Data and Methodology chapter outlines the data sources used in the study and the specific methodologies employed. The methodologies include event study analysis, structural break analysis, and difference-in-differences analysis, as well as statistical hypothesis testing. The Empirical Results chapter presents the findings of the study, examining stock market reactions and related losses at both the index and industry levels. The results are analyzed based on the event study, structural break, and difference-in-differences methodologies, taking into account the influence of multinationality.

Schlüsselwörter (Keywords)

The core concepts of this work include the UK's exit from the EU, stock market reactions, multinationality, event study, structural break analysis, difference-in-differences analysis, hypothesis testing, and empirical results. The research focuses on industry-specific responses and utilizes statistical analysis to uncover the impact of the UK's departure on various stock market indices.