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

Emmanuel Apergis, Nicholas Apergis

Research output: Contribution to journalArticle

11 Citations (Scopus)

Abstract

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.

LanguageEnglish
Pages186-192
Number of pages7
JournalFinance Research Letters
Volume17
Early online date11 Mar 2016
DOIs
Publication statusPublished - May 2016
Externally publishedYes

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Attack
Defense industry
Stock returns
Stock prices
Terrorist attack
Event study methodology
Cumulative abnormal return

Cite this

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The 11/13 Paris terrorist attacks and stock prices : The case of the international defense industry. / Apergis, Emmanuel; Apergis, Nicholas.

In: Finance Research Letters, Vol. 17, 05.2016, p. 186-192.

Research output: Contribution to journalArticle

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