HIGHLIGHTS
- who: Bruce Morley from the Returns: An Event Study from Switzerland have published the Article: The Effects of Direct Democracy on Stock Market Risk and Returns: An Event Study from Switzerland, in the Journal: Risks 2023, 11, 22. of /2023/
- what: The aim of this study was to determine whether referendums affect stock price risks and returns using an event study approach. The authors aimed to evaluate the effects of referendums in general as a democratic process on the performance of the stock market and therefore the wider economy rather than test any specific issue . . .
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