The 11/13 Paris terrorist attacks and stock prices: The case of the international defense industry

被引：53

作者：

Apergis, Emmanuel ^{[1
]}

Apergis, Nicholas ^{[2
]}

机构：

[1] Univ Kent, Canterbury, Kent, England

[2] Univ Piraeus, Piraeus, Greece

来源：

FINANCE RESEARCH LETTERS | 2016年 / 17卷

关键词：

Paris terrorist attack; Stock returns; Defense industry; Event study methodology;

D O I：

10.1016/j.frl.2016.03.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study explores the impact of the Paris terrorist attacks on the stock returns of the most important companies in the global defense industry. The investigation is carried out using the traditional event study methodology. The findings are suggestive that this terrorist attacks event supports an upward trend in cumulative abnormal returns across all companies over the post-attack period, implying a positive effect of the attacks on the defensive companies' stock returns. (C) 2016 Elsevier Inc. All rights reserved.

引用

页码：186 / 192

页数：7

共 11 条

[1] The global arms trade network 1950-2007 [J].