The aim of this study is to determine the effects of discovering oil on the performance of a small open economy, in this case the Falkland Islands. Using an event study approach and the return on one of the Falkland Islands´ main companies, the results suggest that the discovery of oil has...

The aim of this study was to determine whether referendums affect stock price risks and returns, using an event study approach. Daily end period data for the Swiss stock market index, the STOXX European market index, and the Swiss/US exchange rate running from the beginning of 2004 to June 2021,...

This study examines stock return predictability via lagged financial variables with unknown stochastic properties. We conduct a battery of predictability tests for US stock returns during the 1927-2012 period, proposing a novel testing procedure which: i) robustifies inference to the degree of...