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ABSTRACT This study investigates the effect of a failed terror attack on stock market returns using an event study approach. The mean-adjusted returns and the market model are used to… Click to show full abstract
ABSTRACT This study investigates the effect of a failed terror attack on stock market returns using an event study approach. The mean-adjusted returns and the market model are used to analyse the event. The results show that the failed attack on the Pakistan Stock Exchange building in Karachi generated positive cumulative returns for all the listed stocks, suggesting that such events have positive effects on stock market returns.
Keywords:
attack;
market;
stock market;
failed terror;
market returns;
stock
Journal Title: Applied Economics Letters
Year Published: 2020
Link to full text (if available)
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Journal Title: Applied Economics Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!