Fear from uncertainty: An event study of Khashoggi and stock market returns

被引：57

作者：

Bash, Ahmad ^{[1
]}

Alsaifi, Khaled ^{[1
]}

机构：

[1] Coll Business Studies, PAAET, Kuwait, Kuwait

来源：

JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE | 2019年 / 23卷

关键词：

Stock returns; Event-study methodology; Jamal Khashoggi; Financial risk;

D O I：

10.1016/j.jbef.2019.05.004

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study investigates whether uncertain events affect stock market outcomes. To perform a natural experiment, we measure the effect of the uncertain event of Jamal Khashoggi's disappearance on the Saudi Stock Exchange. We use traditional event-study methodologies to analyse the data. The findings indicate that this event supports a downward trend in cumulative abnormal returns across all companies, implying a negative effect of uncertainty on stock returns. (C) 2019 Elsevier B.V. All rights reserved.

引用

页码：54 / 58

页数：5

共 17 条

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[Anonymous], 2018, BBC News

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