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

Emmanuel Apergis; Nicholas Apergis

doi:10.1016/j.frl.2016.03.002

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

Emmanuel Apergis, Nicholas Apergis

Research output: Contribution to journal › Article › peer-review

60 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.

Original language	English
Pages (from-to)	186-192
Number of pages	7
Journal	Finance Research Letters
Volume	17
Early online date	11 Mar 2016
DOIs	https://doi.org/10.1016/j.frl.2016.03.002
Publication status	Published - May 2016
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 16 Peace, Justice and Strong Institutions

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Cite this

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

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.",

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AB - 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.

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KW - Stock returns

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

Abstract

UN SDGs

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