Effect of Qatar diplomatic and economic isolation on GCC stock markets: An event study approach

Steven Buigut and Burcu Kapar

Finance Research Letters, 2020, vol. 37, issue C

Abstract: This study undertakes a comparative analysis of the impact of the Qatar blockade on seven stock markets in GCC countries using event study methodology. Qatar’s economy shows resilience, with its indices significantly reacting negatively to the crisis over the shorter event windows, but less so over longer event window. Saudi Arabia’s banking industry, Dubai’s real estate industry and Abu Dhabi’s energy industry registered positive abnormal return, indicating no serious economic stress to the leading blockading countries. Our findings suggest economic considerations alone is unlikely to be the compelling factor for the feuding parties in the quest for a solution.

Keywords: Comparative analysis; GCC stock markets; Qatar blockade; Event study (search for similar items in EconPapers)
JEL-codes: G12 G14 G15 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:37:y:2020:i:c:s1544612319304921

DOI: 10.1016/j.frl.2019.101352

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