The Impact of the Sri Lankan Civil War on the Stock Market Performances
Shashitha Gimhani Jayakody
Additional contact information
Shashitha Gimhani Jayakody: Faculty of Business, Sri Lanka Institute of Information Technology, Sri Lanka
International Journal of Economics and Financial Issues, 2017, vol. 7, issue 1, 394-402
This study examines the effects of terrorist attacks on the Sri Lankan stock market during the last phase of the civil war. The mean adjusted returns model is employed to test whether the 19 industries in the Colombo Stock Exchange exhibit varied reactions for 9 selected terrorist attacks. Using daily data over the period from July 2006 to May 2009, the event study revealed that terrorist attacks have a statistically different impact across industries.
Keywords: Event Study; Efficient Markets; Terrorist Attacks (search for similar items in EconPapers)
JEL-codes: G10 G14 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-01-51
Access Statistics for this article
International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk
More articles in International Journal of Economics and Financial Issues from Econjournals
Series data maintained by Ilhan Ozturk ().