Political uncertainty and asset valuation: Evidence from business relocations in Canada [An article from: Journal of Banking and Finance]

by D. Tirtiroglu, H.S. Bhabra, U. Lel

List Price:	~~$8.95~~
Amazon Price:	$8.95 & eligible for FREE Super Saver Shipping on orders over $25.
Lowest New Price:	$8.95
Availablitiy:	Available for download now

Editorial Reviews
Product Description
This digital document is a journal article from Journal of Banking and Finance, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Quebec's drive for sovereignty from Canada has been the source of political uncertainty for decades in Canada. This paper studies empirically stock market's reaction to the announcements of business relocations from the province of Quebec to other provinces within Canada. Similar announcements about Toronto are used for control. Empirical results show that the market's reaction to the announcements of business relocations (a) from Quebec is positive, (b) from Toronto is negative, and (c) to Toronto is positive. The difference in abnormal returns between the Quebec and Toronto samples is positive and significant.

Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.