Financial Markets and Terrorism: US and Europe

Autor:	Rafi Melnick, Rafi Eldor
Rok vydání:	2018
Předmět:	Financial economics Interpretation (philosophy) Financial market Terrorism Business Relevant information
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.3176509
Popis:	This study explores the impact of terrorist attacks on the European and US stocks markets after the upsurge of attacks that started in November 2015 in Paris. Applying the methodology developed in Eldor and Melnick (2004), we find that these terrorist attacks had a significant impact in the US market, but they did not have a significant direct impact in the European markets. Our interpretation of this finding is that the US market is more efficient in capturing directly the relevant information conveyed by terrorist attacks.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e07552ce3e04e98fbff2fd4beda1070b https://doi.org/10.2139/ssrn.3176509 Zobrazit plný text záznamu