The Impact of Business and Political News on the GCC Stock Markets

This paper investigates the impact of business and political news on stock market returns in the Gulf Cooperation Council (GCC) countries. For this purpose, it employs a Markov switching model including a separate index for each of the two categories of news considered. The results indicate the importance of news as drivers of GCC stock returns, with business news playing a more substantial role; further, news released in the largest financial markets in the regions are found to have significant cross-border effects

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Year of publication:	2019
Authors:	Al-Maadid, Alanoud
Other Persons:	Caporale, Guglielmo Maria (contributor) ; Spagnolo, Fabio (contributor) ; Spagnolo, Nicola (contributor)
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Arabische Golf-Staaten \| Gulf countries \| Aktienmarkt \| Stock market \| Ankündigungseffekt \| Announcement effect

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Extent:	1 Online-Ressource (33 p)
Series:	CESifo Working Paper ; No. 7353
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2018 erstellt
Other identifiers:	10.2139/ssrn.3338680 [DOI]
Classification:	C32 - Time-Series Models ; F36 - Financial Aspects of Economic Integration ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012892232