000			01418cam a2200157 4500
100	1		_aMARKOULIS Stelios
700			_aKATSIKIDES Savvas
245			_aThe effect of terrorism on stock markets: _bevidence from the 21st Century/ _cStelios Markoulis and Savvas Katsikides
260			_c2020
520			_aThis paper examines the relationship between terrorist attacks and stock market performance, by employing the "event-study" methodology to examine eleven major terrorist attacks that occurred in the 21st century. Results suggest that earlier events appear to result in higher negative abnormal returns when compared to more recent ones. Where evident, these abnormal returns seem to persist beyond the date of the event, but tend to disappear rather quickly. Some events appear to exhibit a "spill-over" effect influencing international stock markets too. Our most important finding is that recent events do not seem to influence local or international markets, thus suggesting that investors have learnt to better assess terror events and react more calmly to them.
650			_aEVENT-STUDY METHODOLOGY _xMARKET REACTION _xSTOCK MARKET PERFORMANCE _xTERRORISM
773			_aTerrorism and Political Violence: _gVol. 32, No. 5, July 2020 , pp.988-1010 (116)
598			_aTERRORISM
856			_uhttps://www.tandfonline.com/doi/full/10.1080/09546553.2018.1425207 _zClick here for full text
945			_i66521.1001 _rY _sY
999			_c40674 _d40674