TY  - JOUR
TT  - THE EFFECTS OF TERRORISM ON INTERNATIONAL STOCK MARKETS
AU  - Özmerdivanlı, Arzu
PY  - 2017
DA  - August
JF  - Akademik Bakış Uluslararası Hakemli Sosyal Bilimler Dergisi
PB  - Akademik Bakış
WT  - DergiPark
SN  - 1694-528X
SP  - 318
EP  - 326
IS  - 62
KW  - Terör
KW  - Terörizm
KW  - Uluslararası Hisse Senedi Piyasaları
KW  - Hisse Senedi Getirisi
KW  - Panel Nedensellik
N2  - Worldwide terrorist incidents are increasing day by day and creating fear, anxiety, panic and uncertainty in financial markets. Panic and uncertainty caused by terrorist events negatively affect investors' trust and perception. This situation is reflected in the stock market and sometimes it causes the decrease in the return of stocks. This study aims to investigate the effects of terrorist incidents on stocks return at an international level. In this context, the effects of terrorism on stock returns have been examined in detail in the 19 countries stock markets for the period 2004-2015. Panel Causality analysis was conducted in the study of global terrorism index and shareholder returns as variables. Panel Causality analysis results show that in the USA, Sri Lanka, India, China and Greece terrorism is the reason for stock returns, and in other countries outside these countries, there is no causal relationship between terrorism and stocks.
UR  - https://dergipark.org.tr/tr/pub/abuhsbd/issue//366598
L1  - https://dergipark.org.tr/tr/download/article-file/383812
ER  -