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Contribution Details

Type Bachelor's Thesis
Scope Discipline-based scholarship
Title What would be the consequences of a Swiss exit from the European Single Market? Evidence from stock price reactions to Brexit
Organization Unit
Authors
  • Driton Kelmendi
Supervisors
  • Alexander Wagner
  • Marco Ceccarelli
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 42
Date 2018
Abstract Text In the study at hand, I investigate the consequences of a hypothetical Swiss exit from the European single market using stock price reactions of companies from the United Kingdom of Great Britain. By using the stock price reactions, the study's focus is drawn on different sectors. The results show that Swiss firms would be affected negatively by a potential exit with a cumulative abnormal return of -2 % on average. Considering that Switzerland, compared to the United Kingdom of Great Britain, is not a member state of the European Union, I assume that the CAR would be less negative.
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