| Summary: | 碩士 === 大葉大學 === 管理學院碩士在職專班 === 106 === This study uses event study to explore the impact on the Brexit of the performance of mutual funds invested in the United States. The empirical results show that though the reactions of Brexit of mutual funds are different on event day, the patterns of cumulative abnormal returns are increasing during the 61 trading days of the event window.
On the other hand, the cumulative abnormal returns in the different event windows are observed, the empirical result indicates that except for a part of event windows, the impact of Brexit on the mutual funds are different, a cumulative abnormal returns in most of event windows are positive. Based on the empirical results, this study concludes that the impact of Brexit on the performance of mutual funds invested in US is smaller.
Key Words: Brexit, Abnormal Return, Cumulative Abnormal Return, Event Study
|
|---|
