The impact of 11/13 Paris terrorist attacks on stock prices

evidence from the international defence industry

Emmanuel Apergis, Nicholas Apergis

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This study explores the effect of the Paris terrorist attacks on the stock returns and the volatility for the most important companies in the global defence industry. To this end, it employs the General Autoregressive Conditional Heteroscedasticity methodology. The findings clearly indicate that this terrorist event has a positive impact on both the returns and the volatility of these stocks.

Original languageEnglish
Pages (from-to)45-48
Number of pages4
JournalApplied Economics Letters
Volume24
Issue number1
Early online date24 Mar 2016
DOIs
Publication statusPublished - 2 Jan 2017
Externally publishedYes

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Defense industry
Stock prices
Terrorist attack
Stock returns
Methodology
Autoregressive conditional heteroscedasticity

Cite this

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The impact of 11/13 Paris terrorist attacks on stock prices : evidence from the international defence industry. / Apergis, Emmanuel; Apergis, Nicholas.

In: Applied Economics Letters, Vol. 24, No. 1, 02.01.2017, p. 45-48.

Research output: Contribution to journalArticle

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