‘No-deal’ Brexit could see value of UK companies decrease even further
30 January 2019
The impact of the Brexit vote reduced the value of UK companies by 16 per cent, with those domestically-focused being the hardest hit.
The research led by Dr Piotr Korczak, Reader in Finance in the Department of Accounting and Finance, used stock market data for 297 UK firms and bookmakers' Brexit odds during the referendum campaign to estimate the financial impact of Brexit.
The findings, published in the Journal of Banking and Finance, confirm that companies with a UK focus are most affected, while multinational companies prove to be more resilient due to operating across a diverse set of countries which provides more stability.