Kollias, Christos; Papadamou, Stephanos; Siriopoulos, Costas - In: International Journal of Financial Studies 1 (2013) 4, pp. 154-167
Terrorist incidents exert a negative, albeit usually short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This paper...