The CAC 40 Index’s Reaction to Terrorist Attacks: The Case of Charlie Hebdo

Agarwalla, S., & Pandey, A. (2010, March 16). Price impact of block trades and price behavior surrounding block trades in Indian Capital Market. Available at SSRN: http://dx.doi.org/10.2139/ssrn.1572997.10.2139/ssrn.1572997Open DOISearch in Google Scholar

Alzahrani, A., Gregoriou, A., & Hudson, R. (2012). Price impact of block trades in the Saudi Stock Market. Journal of International Financial Markets, Institutions & Money, 23, 322-341.10.1016/j.intfin.2012.11.003Search in Google Scholar

Archana, S., Safeer, M., & Kevin, S. (2014). A study on market anomalies in Indian stock market. International Journal of Business and Administration Research and Review, 1(3), 128-137.Search in Google Scholar

Armitage, S. (1995). Event study methods and evidence on their performance. Journal of Economic Surveys, 9(1), 25-52.10.1111/j.1467-6419.1995.tb00109.xOpen DOISearch in Google Scholar

Bachelier, L. (1900). Théorie de la spéculation. Annales Scientifiques de l’École Normale Supérieure, 3 (17), 21–86.10.24033/asens.476Search in Google Scholar

Garcia De Andoain, C, & Bacon, F. (2009). The impact of stock spit announcements on stock price: A test of market efficiency. Proceedings of American Society of Business and Behavioral Sciences (ASBBS), 16 (1), 1-14.Search in Google Scholar

Ball, R., & Brown, P. (1968). A retrospective. American Accounting Association, 89(1), 1-44.10.2308/accr-50604Search in Google Scholar

Barnato, K. (2015). Europe, Canada face rising terror threat. CNBC. Retrieved from http://www.cnbc.com/2015/05/25/europe-canada-australia-face-rising-terror-threat-report.html.Search in Google Scholar

Barros, C., & Gil-Alana, L. (2008). Stock market returns and terrorist violence: evidence from the Basque Country. Applied Economics Letters, 16 (15), 1575-1579.10.1080/13504850701578918Search in Google Scholar

Bauman, W. (1964). Investment experience with less popular common stocks. Financial Analysts Journal, 20(2), 79-88.10.2469/faj.v20.n2.79Open DOISearch in Google Scholar

Benos, A., & Rockinger, M. (2000). Market response to earnings announcements and interim reports: an analysis of SBF120 companies. Annales D’économie et de statistique, 60, 151-175.10.2307/20076258Search in Google Scholar

Binder, J. (1998). The event study methodology since 1969. Review of Quantitative Finance and Accounting, 11(2), 111-137.10.1023/A:1008295500105Open DOISearch in Google Scholar

Bowman, R. (2006). Understanding and conducting event studies. Journal of Business Finance and Accounting, 10(4), 561-584.10.1111/j.1468-5957.1983.tb00453.xOpen DOISearch in Google Scholar

Brown, S., & Warner, J. (1980). Measuring security price performance. Journal of Financial Economics, 8(3), 205-258.10.1016/0304-405X(80)90002-1Open DOISearch in Google Scholar

Brown, S., & Warner, J. (1985). Using daily stock returns; the case of event studies. Journal of Financial Economics, 14 (1), 3-31.10.1016/0304-405X(85)90042-XOpen DOISearch in Google Scholar

Bruck, T., & Wickstrom, B.A. (2004). The economic consequences of terror: guest editors introduction. European Journal of Political Economy, 20(2), 293-300.10.1016/j.ejpoleco.2004.03.004Open DOISearch in Google Scholar

Cam, M.A. (2007). The impact of terrorist attacks on financial markets (master thesis). RMIT University, Melbourne, Australia.Search in Google Scholar

Campbell, J., Lo, W., & MacKinlay, G. (1997). The Econometrics of Financial Markets. New Jersey: Princeton University Press.10.1515/9781400830213Search in Google Scholar

Chandra, R., Moriarity, S., & Willinger, L. (1990). A reexamination of the power of alternative return-generating models and effect of accounting for cross-sectional dependencies in event studies. Journal of Accounting Research, 28(2), 398-408.10.2307/2491157Open DOISearch in Google Scholar

Chen, A., & Siems, T. (2004). The effects of terrorism on global capital markets. European Journal of Political Economy, 20(2), 349-366.10.1016/j.ejpoleco.2003.12.005Open DOISearch in Google Scholar

Chesney, M., Reshetar, G., & Karaman, M. (2011). The impact of terrorism on financial markets: an empirical study. Journal of Banking and Finance, 35 (2), 253-267.10.1016/j.jbankfin.2010.07.026Search in Google Scholar

Colman, L. (2012). Testing equity market efficiency around terrorist attacks. Applied Economics, 44(31), 4087-4099.10.1080/00036846.2011.587778Search in Google Scholar

Corrado, C., & Zivney, T. (1992). The specification and power of the sign test in event study hypothesis tests using daily stock returns. Journal of Financial and Quantitative Analysis, 27(3), 265-478.10.2307/2331331Open DOISearch in Google Scholar

Dimson, E., & Mussavian, M. (1998). A brief history of market efficiency. European financial management, 4(1), 91-1910.1111/1468-036X.00056Search in Google Scholar

Dolley, J. (1933). Characteristics and procedure of stock common stock split ups. Harvard Business Review, 11(3), 316-326.Search in Google Scholar

Drakos, K. (2010). Terrorism activity, investor sentiment and stock returns. Review of Financial Economics, 19 (3), 128-13510.1016/j.rfe.2010.01.001Search in Google Scholar

Enders, W., & Sandler, T. (2006). Terrorism and foreign direct investment in Spain and Greece. Kyklos International Review of Social Sciences, 49(3), 331-352.10.1111/j.1467-6435.1996.tb01400.xOpen DOISearch in Google Scholar

Fagerland, M. (2012). T-tests, non parametric tests, and large studies- a paradox of statistical practice? BMC Medical Research Methodology, 12(1), 78-842269747610.1186/1471-2288-12-78Search in Google Scholar

Fama, E. (1970). Random walks in stock market prices. Financial Analysts Journal, 51(1), 75-80.10.2469/faj.v51.n1.1861Open DOISearch in Google Scholar

Fama, E. (1991). Efficient capital markets: II. The Journal of Finance, 46(5), 1575-1617.10.1111/j.1540-6261.1991.tb04636.xOpen DOISearch in Google Scholar

Fama, E., Lawrence, F., Michael, J. & Richard, R. (1969). The Adjustment of Stock Prices to New Information. International Economic Review, 10(1), 1-21.10.2307/2525569Open DOISearch in Google Scholar

Hameed, A., Ashraf, H., & Siddiqui, R. (2006). Stock market volatility and weak-form efficiency: evidence from an emerging country. The Pakistan Development Review, 45(4), 1029-1040.10.30541/v45i4IIpp.1029-1040Search in Google Scholar

Hua, L. & Ramesh, S. (2013). A study on stock split announcements and its impact on stock prices in Colombo stock exchange (CSE) of Sri Lanka. Global Journal of Management and Business Research Finance, 13(6), 25-34.Search in Google Scholar

Karolyi, G.A., & Martell, R. (2006). Terrorism and the stock market. International Review of Applied Financial Issues and Economics, 2(2), 285-314.10.2139/ssrn.823465Search in Google Scholar

Kollias, C., Papadamou, S., & Arvanitis, V. (2013). Does terrorism affect the stockbond covariance? Evidence from European countries. Southern Economic Journal, 79 (4), 832-548.10.4284/0038-4038-2012.309Open DOISearch in Google Scholar

Lardic, S., & Mignon, V. (2003). Analyse intraquotidienne de l’impact de “news” sur le marché boursier francais. Economie appliquée (Paris), 56 (2), 205-237.10.3406/ecoap.2003.3103Search in Google Scholar

Lo, A., & MacKinlay, A. C. (1988). Stock market prices do not follow random walks: evidence from a simple specification test. The review of Financial Studies, 1(1), 41-66.10.1093/rfs/1.1.41Search in Google Scholar

Rehman, A., Luqman, M., & Suleman M. U. (2011, September 16). Evaluation of semi strong form of efficiency: an empirical study on Karachi stock exchange with respect to natural disasters and terrorism effects. Available at SSRN: http://dx.doi.org/10.2139/ssrn.2326338.10.2139/ssrn.2326338Open DOISearch in Google Scholar

Malkiel, B. (2003). The efficient market hypothesis and its critics. Journal of Economic Perspectives, 17(1), 59-82.10.1257/089533003321164958Open DOISearch in Google Scholar

Mallikarjunappa, T., & Dsouza, J.J. (2013). A study of semi-strong form of market efficiency of Indian stock market. Amity Global Business Review, 8, 60-68.Search in Google Scholar

Nikkinen, J., Omran, M., Sahlstrom, P, & Aijo, J. (2008). Stock returns and volatility following the September 11 attacks: Evidence from 53 equity markets. International Review of Financial Analysis, 17 (1), 27-46.10.1016/j.irfa.2006.12.002Search in Google Scholar

Peterson, P. (1989). Event studies: a review of issues and methodology. Quarterly Journal of Business and Economics, 28(3), 36-66.Search in Google Scholar

Ross, S. (1976). The arbitrage theory of capital asset pricing. Journal of Economic Theory, 13(3), 341-360.10.1016/0022-0531(76)90046-6Open DOISearch in Google Scholar

Ryland, P (2009). Essential Investment: an A-Z guide (2nd ed.). New York: Bloomberg PressSearch in Google Scholar

Schwert, G.W. (2003). Anomalies and market efficiency. Handbook of the Economics and Finance, 1(B), 939-974.10.1016/S1574-0102(03)01024-0Search in Google Scholar

Suleman, M. (2012). Stock market reaction to terrorist attacks: Empirical evidence from a front line state. Australasian Accounting Business and Finance Journal, 6(1), 97-110.Search in Google Scholar

Todd, T. (2016, January 12). French 2015 terror attacks a “dress rehearsal” for 2016, experts say. France 24. Retrieved from http://www.france24.com/en/20160111-france-november-13-paris-attacks-terrorism-charlie-hebdo-intelligence-security.Search in Google Scholar