The Impact of the Sri Lankan Civil War on the Stock Market Performances
The main focus of this paper is to study the impact of terrorist attacks on the stock market performances. The study examines nine terrorist attacks that took place during the last phase of Sri Lankan civil war, using an event study approach to analyze the efficiency of stock price reaction towards...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/24693/ |
| _version_ | 1848792838248071168 |
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| author | Jayakody, Shashitha |
| author_facet | Jayakody, Shashitha |
| author_sort | Jayakody, Shashitha |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The main focus of this paper is to study the impact of terrorist attacks on the stock market performances. The study examines nine terrorist attacks that took place during the last phase of Sri Lankan civil war, using an event study approach to analyze the efficiency of stock price reaction towards such attacks. The market model is used to examine the impact of terrorist attacks on the overall market performances while the mean adjusted returns model is employed to examine whether the 19 industries categorized in the Colombo Stock Exchange exhibit varied reactions for terrorist attacks. The results indicate that out of the nine attacks, five caused the stocks to experience statistically significant negative abnormal returns on the day of the event. The results also indicate that the impact of each individual terrorist attack varies according to the industry and type of attack. |
| first_indexed | 2025-11-14T18:50:46Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-24693 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:50:46Z |
| publishDate | 2010 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-246932018-01-24T09:26:26Z https://eprints.nottingham.ac.uk/24693/ The Impact of the Sri Lankan Civil War on the Stock Market Performances Jayakody, Shashitha The main focus of this paper is to study the impact of terrorist attacks on the stock market performances. The study examines nine terrorist attacks that took place during the last phase of Sri Lankan civil war, using an event study approach to analyze the efficiency of stock price reaction towards such attacks. The market model is used to examine the impact of terrorist attacks on the overall market performances while the mean adjusted returns model is employed to examine whether the 19 industries categorized in the Colombo Stock Exchange exhibit varied reactions for terrorist attacks. The results indicate that out of the nine attacks, five caused the stocks to experience statistically significant negative abnormal returns on the day of the event. The results also indicate that the impact of each individual terrorist attack varies according to the industry and type of attack. 2010 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/24693/1/Shashita_Jayakody.pdf Jayakody, Shashitha (2010) The Impact of the Sri Lankan Civil War on the Stock Market Performances. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Jayakody, Shashitha The Impact of the Sri Lankan Civil War on the Stock Market Performances |
| title | The Impact of the Sri Lankan Civil War on the Stock Market Performances |
| title_full | The Impact of the Sri Lankan Civil War on the Stock Market Performances |
| title_fullStr | The Impact of the Sri Lankan Civil War on the Stock Market Performances |
| title_full_unstemmed | The Impact of the Sri Lankan Civil War on the Stock Market Performances |
| title_short | The Impact of the Sri Lankan Civil War on the Stock Market Performances |
| title_sort | impact of the sri lankan civil war on the stock market performances |
| url | https://eprints.nottingham.ac.uk/24693/ |