The 11/13 Paris terrorist attacks and stock prices: The case of the international defense industry

Emmanuel Apergis and Nicholas Apergis ()

Finance Research Letters, 2016, vol. 17, issue C, 186-192

Abstract: This study explores the impact of the Paris terrorist attacks on the stock returns of the most important companies in the global defense industry. The investigation is carried out using the traditional event study methodology. The findings are suggestive that this terrorist attacks event supports an upward trend in cumulative abnormal returns across all companies over the post-attack period, implying a positive effect of the attacks on the defensive companies’ stock returns.

Keywords: Paris terrorist attack; Stock returns; Defense industry; Event study methodology (search for similar items in EconPapers)
JEL-codes: C22 G10 G14 G15 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:17:y:2016:i:c:p:186-192

DOI: 10.1016/j.frl.2016.03.002

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