Jin, Gan; Karima, Md Rafiul; Schulze, Günther G. - 2024 - Electronically published: 16.1.2024
We are the first to analyze the effect of terror on stock markets by terror ideology. Surprisingly, we find that … Islamist terror attacks created significant negative abnormal returns in American and European markets, but the stock market … effects of other terror attacks were almost nil. For our sample of all 124 terrorist attacks in the US and Europe in the …