首页|The Impact of Terrorism on Capital Markets

The Impact of Terrorism on Capital Markets

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This work aims to analyze the impact of terrorism on the countries' capital markets and in the transport industry. To this end, eight recent terrorist attacks in the European Union have been studied and compared to two older similar attacks in the same region. The stock indices used in this study relate to the country's main index where the attack occurred and the FTSE Euro 100, S&P 500, and Dow Jones Singapore indices, representing the European, American, and Asian markets respectively. The results of this work are relatively discrepant since it was not possible to identify concretely the pattern of a terrorist attack on the capital markets. However, when we look at both time horizons studied, the results point to a greater capacity for market recover over time on terrorism.

Stock indicesTerrorismEvent studyAbnormal returnsCapital marketsResilience

GUALTER COUTO、PEDRO PIMENTEL、CARINA ROIAS、RUI ALEXANDRE CASTANHO

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School of Business and Economics, University of Azores and CEEAplA

School of Business and Economics, University of the Azores

Faculty of Applied Sciences, WSB University

2021

WSEAS Transactions on Business and Economics

WSEAS Transactions on Business and Economics

ISSN:1109-9526
年,卷(期):2021.18