Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2019
We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method … number of UK outward investment transactions in the remaining EU27 member states, whereas transactions in non-EU OECD … countries were unaffected. These results support the hypothesis that UK companies have been setting up European subsidiaries to …