The price of terror: The effects of terrorism on stock market returns and volatility

By K. Arin, D. Ciferri, Nicola Spagnolo. 2008

287 citations recorded by the source corpus.

How researchers see this paper

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The Impact of Terrorism on Financial Markets: An Empirical Study (2011, methodology): “Among existing research, this empirical paper is one of the very few (see for example Arin et al., 2008; Chen and Siembs, 2004; Eldor and Melnick, 2004; Karolyi and Martell, 2006) that study the link between terrorism and the behavior of stock markets.”
How Different Terrorist Attacks Affect Stock Markets (2015, background): “For example, Abadie and Gardeazabal (2003), Barth et al. (2006), Zussman and Zussman (2006), Arin, Ciferri, and Spagnolo (2008), Barros and Gil-Alana (2009), Drakos (2010), Gul et al. (2010), and Karolyi and Martell (2010), find negative impacts of terrorism on financial markets and the economy.”
Does Geopolitical Risks Predict Stock Returns and Volatility of Leading Defense Companies? Evidence from a Nonparametric Approach (2017, background): “…Chen and Siems 2004; Drakos 2004; Eldor and Melnick 2004; Hon, Strauss, and Yong 2004; Johnston and Nedelescu 2006; Abadie and Gardeazabal 2008; Arin, Ciferri, and Spagnolo 2008; Fernandez 2008; Nikkinen et al. 2008; Barros and Gil-Alana 2009; Chuliá et al. 2009; Nguyen and Enomoto 2009;…”
Terrorist attacks and investor risk preference: Evidence from mutual fund flows (2020, background): “Using evidence from six different financial markets, Arin et al. (2008) show that terror has a significant, yet short term, impact on both stock market and the stock market volatility.”