| ID | 140833 |
| Title Proper | How different terrorist attacks affect stock markets |
| Language | ENG |
| Author | Aslam, Faheem ; Kang, Hyoung-Goo |
| Summary / Abstract (Note) | Terrorist attacks adversely affect the Pakistani stock market. However, such effect is short-lived: the market recovers from terrorist shocks in one day. The impact of attack depends on the locations and types of attack. The more severe the attack (i.e. more people killed), the more negative is the KSE-100 index return. Most interestingly, stock market contains information about future attacks. In sum, different tactics of terrorists have varied effects on financial markets, which in turn can predict terrorist attacks. |
| `In' analytical Note | Defence and Peace Economics Vol. 26, No.6; Aug 2015: p.634-648 |
| Journal Source | Defence and Peace Economics Vol: 26 No 6 |
| Key Words | Event Study ; Drone Attacks ; Terrorist’s Attack ; Stock Returns ; Karachi Stock Exchange (KSE) ; Geopolitical Risk |