期刊名称：International Research Journal of Finance and Economics
印刷版ISSN：1450-2887
电子版ISSN：1450-2887
出版年度：2019
期号：171
页码：48-62
出版社：European Journals Inc.
摘要：Our study examines the long term impact of terrorism on stock market performance. we focus on 12 stock markets exchange which will be classified into three categories (developed, emerging and frontier market) over a 8-year period (2008 to 2015) and by using fixed-effect panel regression model where the MSCI Standard Total Return Index for each country in the sample as proxy to stock market performance and the global terrorism index (gti).we deduce that: Confirmed to the finding of previous researches, terrorism has an immediate an short term negative impact on all the stock market return and developed markets benefits by a positive stock return for emerging market we found that terrorism has a significant negative impact on stock performance. For frontier markets, the stock market return has no correlation with the terrorism impact; that is means each terrorism score given to these markets, the stock market reaction will be indifferent in the long term.
关键词：Terrorism; stock market performance; long term impact; Developed; emerging; frontier stock market;
