How Different Terrorist Attacks Affect Stock Markets
- Title
- How Different Terrorist Attacks Affect Stock Markets
- Author
- 강형구
- Keywords
- Terrorist's attack; Event study; Stock returns; Karachi stock exchange (KSE); Drone attacks; Geopolitical risk
- Issue Date
- 2013-08
- Publisher
- Taylor & Francis
- Citation
- DEFENCE AND PEACE ECONOMICS, 2013, 26(6), P.634-648
- 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.
- URI
- https://www.tandfonline.com/doi/abs/10.1080/10242694.2013.832555?journalCode=gdpe20
- ISSN
- 1024-2694; 1476-8267
- DOI
- 10.1080/10242694.2013.832555
- Appears in Collections:
- GRADUATE SCHOOL OF BUSINESS[S](경영전문대학원) > ETC
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