The market's reaction to unexpected, catastrophic events: the case of airline stock returns and the September 11th attacks
By D. Carter, Betty Simkins. 2004
193 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/b96bc0111cbcb9cdf9d9262c49c36d0f1b4471d4
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Citations in the corpus
- Large shocks and the September 11th terrorist attacks on international stock markets (2006, background): “…studies investigated the effects of these tragic events on capital markets (Chen and Siems, 2004; Maillet and Michel, 2005), commercial airlines (Carter and Simkins, 2004; Drakos, 2004; Guzhva and Pagiavlas, 2004) and airline industry (Masse, 2001; Inglada and Rey, 2004; Ito and Lee, 2005;…”
- War and stock markets: The effect of World War Two on the British stock market (2015, background): “Carter and Simkins (2004) examine the effect of the September 11th attacks on New York in 2001 and find large significant negative abnormal returns for airfreight firms and international airlines. Further Chen and Siems (2004) examine the US capital markets response to various terrorism attacks dati”
- The impact of COVID-19 on stock markets (2020, unknown): “An expanding body of literature, such as Carter and Simkins (2004), Chen and Siems (2004), Nikkinen et al. (2008), Kollias et al. (2011), and Papakyriakou, Sakkas, and Taoushianis (2019), has addressed the impact of terrorists on the international stock markets.”
- Terrorism and Stock Market Sentiment (2010, unknown): “Carter and Simkins (2004), Drakos (2004), and Ito and Lee (2005) assess the impact of the September 11 attacks on airline demand and stock returns, and report terrorism’s drastic consequences on the airline industry.”
- The Impact of Terrorist Attacks on International Stock Markets (2010, unknown): “Both Drakos (2004) and Carter and Simkins (2004) studied the specific impact of the 11 September attacks on airline stocks.”
- Does Hedging Affect Firm Value? Evidence from the US Airline Industry (2006, unknown): “The stock price response of airlines to the September 11, 2001 attacks was quite varied as documented in Carter and Simkins (2004) .”