Border disputes and heterogeneous sectoral returns: An event study approach

M. Kabir Hassan, Sabri Boubaker, Vineeta Kumari and Dharen Pandey

Finance Research Letters, 2022, vol. 50, issue C

Abstract: We show heterogeneous impacts of two sorts of events using a sample of six events arising from the Indian border disputes in 2020. The NIFTY's sectoral indices reacted heterogeneously to both events. While a few sectors evidenced positive and negative abnormal returns, others were unaffected by the events. The cross-section of the abnormal returns reveals that higher risk and volatility lead to higher returns during the post-event window.

Keywords: Event study; Border disputes; Stock market; War events; Pandemic; NIFTY (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (17)

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Working Paper: Border Disputes and Heterogeneous Sectoral Returns: An Event Study Approach (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:50:y:2022:i:c:s1544612322004652

DOI: 10.1016/j.frl.2022.103277

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