A Financial Data Analysis of Behavioral Changes of Listed British Companies under the Geopolitical Risk

Abstract

This paper aims to examine through several empirical analyses whether such geopolitical risks as Brexit and European sovereign debt crisis bring any change to listed companies in the UK. By utilizing financial data, we compare financing behaviors of the IPO companies and long-term listed companies and show that long-term listed companies have been more likely to adjust their financing behavior under the geopolitical risk through innovating corporate governance in Britain.