The Impact of Terrorism on Capital Markets

Authors: , , ,

Abstract: This work aims to analyze the impact of terrorism on the countries’ capital markets and in the transport industry. To this end, eight recent terrorist attacks in the European Union have been studied and compared to two older similar attacks in the same region. The stock indices used in this study relate to the country’s main index where the attack occurred and the FTSE Euro 100, S&P 500, and Dow Jones Singapore indices, representing the European, American, and Asian markets respectively. The results of this work are relatively discrepant since it was not possible to identify concretely the pattern of a terrorist attack on the capital markets. However, when we look at both time horizons studied, the results point to a greater capacity for market recover over time on terrorism.

WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 18, 2021, Art. #91

PDF
DOI
XML
Cite
×
Citation Tools
WSEAS AMA
Gualter Couto, Pedro Pimentel, Carina Roias, Rui Alexandre Castanho, "The Impact of Terrorism on Capital Markets," WSEAS Transactions on Business and Economics, vol. 18, pp. 962-968, 2021, DOI:10.37394/23207.2021.18.91
Gualter Couto, Pedro Pimentel, Carina Roias, Rui Alexandre Castanho. The Impact of Terrorism on Capital Markets. WSEAS Transactions on Business and Economics. 2021;18:962-968. 10.37394/23207.2021.18.91
Copy to Clipboard
Citation copied to Clipboard

Certification

---