Impact of terrorism on stock markets: empirical evidence from the SAARC region

Naukhaiz Chaudhry, David Roubaud (), Waheed Akhter and Muhammad Shahbaz

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the impact of terrorism on stock markets in SAARC countries during 2000–2015. An event-study analysis and fixed-effect regression technique are employed to assess whether the impact of various terrorist attacks on the stock market returns of ‘highly affected’ countries differs from that of ‘less affected’ countries in the SAARC region. This study has important implications for policy-makers in relevant countries to combat terrorism and build investor confidence.

Keywords: event study; SAARC; stock market; terrorism (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2018-02-04, Revised 2018-02-19
New Economics Papers: this item is included in nep-cfn
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Citations: View citations in EconPapers (10)

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Related works:
Journal Article: Impact of terrorism on stock markets: Empirical evidence from the SAARC region (2018)
Working Paper: Impact of terrorism on stock markets: Empirical evidence from the SAARC region (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:84783

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