---
_id: '65863'
abstract:
- lang: eng
  text: We investigate the impact of Brexit on the corporate bond market by analyzing
    a comprehensive database covering corporate bond listings on European and UK trading
    venues. We find a significant shift in bond market activity, evidenced by a 49%
    increase in the number of bond listings in the EEA30 countries relative to the
    UK market after Brexit. Country-level analyses reveal a staggered effect on market
    activity, with predominantly international issuers adjusting their bond listings
    between the initially scheduled Brexit date and the final withdrawal date. At
    the issuer level, our findings indicate that the relative attractiveness of the
    EEA30 market has increased post-Brexit. Overall, these results suggest that the
    European capital market has successfully adapted to the loss of its largest financial
    center and exhibits a rising corporate bond market activity.
author:
- first_name: Benedikt
  full_name: Franke, Benedikt
  last_name: Franke
- first_name: Urska
  full_name: Kosi, Urska
  last_name: Kosi
- first_name: Pia
  full_name: Stoczek, Pia
  last_name: Stoczek
citation:
  ama: Franke B, Kosi U, Stoczek P. <i>Brexit and European Corporate Bond Markets</i>.;
    2025. doi:<a href="https://doi.org/10.2139/ssrn.5230141">10.2139/ssrn.5230141</a>
  apa: Franke, B., Kosi, U., &#38; Stoczek, P. (2025). <i>Brexit and European Corporate
    Bond Markets</i>. <a href="https://doi.org/10.2139/ssrn.5230141">https://doi.org/10.2139/ssrn.5230141</a>
  bibtex: '@book{Franke_Kosi_Stoczek_2025, series={TRR 266 Accounting for Transparency
    Working Paper Series No. 190}, title={Brexit and European Corporate Bond Markets},
    DOI={<a href="https://doi.org/10.2139/ssrn.5230141">10.2139/ssrn.5230141</a>},
    author={Franke, Benedikt and Kosi, Urska and Stoczek, Pia}, year={2025}, collection={TRR
    266 Accounting for Transparency Working Paper Series No. 190} }'
  chicago: Franke, Benedikt, Urska Kosi, and Pia Stoczek. <i>Brexit and European Corporate
    Bond Markets</i>. TRR 266 Accounting for Transparency Working Paper Series No.
    190, 2025. <a href="https://doi.org/10.2139/ssrn.5230141">https://doi.org/10.2139/ssrn.5230141</a>.
  ieee: B. Franke, U. Kosi, and P. Stoczek, <i>Brexit and European Corporate Bond
    Markets</i>. 2025.
  mla: Franke, Benedikt, et al. <i>Brexit and European Corporate Bond Markets</i>.
    2025, doi:<a href="https://doi.org/10.2139/ssrn.5230141">10.2139/ssrn.5230141</a>.
  short: B. Franke, U. Kosi, P. Stoczek, Brexit and European Corporate Bond Markets,
    2025.
date_created: 2026-06-15T08:29:09Z
date_updated: 2026-06-15T11:11:43Z
department:
- _id: '186'
doi: 10.2139/ssrn.5230141
language:
- iso: eng
main_file_link:
- open_access: '1'
  url: https://dx.doi.org/10.2139/ssrn.5230141
oa: '1'
publication_status: published
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 190
status: public
title: Brexit and European Corporate Bond Markets
type: working_paper
user_id: '54068'
year: '2025'
...