The spectre of terrorism and the stock market

Alan J. Hanna; John D. Turner; Clive Walker

doi:10.1080/13504851.2024.2363299

The spectre of terrorism and the stock market

Alan J. Hanna, John D. Turner, Clive Walker^*

^*Corresponding author for this work

Queen's Business School (QBS)

Research output: Contribution to journal › Article › peer-review

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Abstract

Terrorism is a major issue in the twenty-first 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 á la Shiller (2019), we find that the spectre of terrorism during the Northern Ireland Troubles reduced returns and increased volatility in the UK stock market.

Original language	English
Number of pages	6
Journal	Applied Economics Letters
Early online date	07 Jun 2024
DOIs	https://doi.org/10.1080/13504851.2024.2363299
Publication status	Early online date - 07 Jun 2024

Keywords

narratives
returns
stock market
Terrorism
volatility

ASJC Scopus subject areas

Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/13504851.2024.2363299Licence: CC BY-NC-ND

The spectre of terrorism and the stock market
Copyright 2024 The Authors. This is an open access article published under a Creative Commons Attribution-NonCommercial-NoDerivs License (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits distribution and reproduction for non-commercial purposes, provided the author and source are cited.
Final published version, 668 KBLicence: CC BY-NC-ND

Cite this

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The spectre of terrorism and the stock market

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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