both the market's return and volatility. The results suggest that the day after the referendum, there was little evidence … of a positive effect on stock returns. However, using a longer window of three days before and after the referendum …, there was evidence of a positive effect from the referendum on the market's returns and a negative effect on its volatility …

We analyze the factors that influence the support for environmental policy proposals. Swiss referendum data show that … referendum. Also, there are more pro-environmental votes in cantons with higher population density. On the other hand, yes …