Failed terror attack and stock market returns: the case of Pakistan stock exchange

被引：1

作者：

Bash, Ahmad ^{[1
]}

Alsaifi, Khaled ^{[1
]}

Al-Awadhi, Abdullah M. ^{[1
]}

机构：

[1] Publ Author Appl Educ & Training PAAET, Coll Business Studies, Ardiya, Kuwait

来源：

APPLIED ECONOMICS LETTERS | 2021年 / 28卷 / 19期

关键词：

Terror attack; stock market returns; event study; Pakistan;

D O I：

10.1080/13504851.2020.1851645

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study investigates the effect of a failed terror attack on stock market returns using an event study approach. The mean-adjusted returns and the market model are used to analyse the event. The results show that the failed attack on the Pakistan Stock Exchange building in Karachi generated positive cumulative returns for all the listed stocks, suggesting that such events have positive effects on stock market returns.

引用

页码：1698 / 1702

页数：5

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