Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/266237 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
QUCEH Working Paper Series No. 22-10
Verlag: 
Queen's University Centre for Economic History (QUCEH), Belfast
Zusammenfassung: 
Terrorism is a major issue in the 21st century. In this paper we examine the effect of terrorism on the stock market. We go beyond previous studies to explore the spectre of terrorism on the market rather than terrorist activities. Using a narrative-based approach à la Shiller (2019), we find that the spectre of terrorism during the Northern Ireland Troubles reduced returns and increased volatility on the UK stock market.
Schlagwörter: 
terrorism
stock market
returns
volatility
narratives
JEL: 
C00
E44
G12
G40
N24
Dokumentart: 
Working Paper

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