HOW DIFFERENT TERRORIST ATTACKS AFFECT STOCK MARKETS
- Authors
- Aslam, Faheem; Kang, Hyoung-Goo
- Issue Date
- Nov-2015
- Publisher
- TAYLOR & FRANCIS LTD
- Keywords
- Terrorist' s attack; Event study; Stock returns; Karachi stock exchange (KSE); Drone attacks; Geopolitical risk; G10; G14
- Citation
- DEFENCE AND PEACE ECONOMICS, v.26, no.6, pp.634 - 648
- Indexed
- SSCI
SCOPUS
- Journal Title
- DEFENCE AND PEACE ECONOMICS
- Volume
- 26
- Number
- 6
- Start Page
- 634
- End Page
- 648
- URI
- https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/156018
- DOI
- 10.1080/10242694.2013.832555
- ISSN
- 1024-2694
- Abstract
- Terrorist attacks adversely affect the Pakistani stock market. However, such effect is short-lived: the market recovers from terrorist shocks in one day. The impact of attack depends on the locations and types of attack. The more severe the attack (i.e. more people killed), the more negative is the KSE-100 index return. Most interestingly, stock market contains information about future attacks. In sum, different tactics of terrorists have varied effects on financial markets, which in turn can predict terrorist attacks.
- Files in This Item
-
Go to Link
- Appears in
Collections - 서울 경영대학 > 서울 파이낸스경영학과 > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.