Terrorist attacks and stock Tunisian market post 2011

Abstract EN

This paper analyzes the effects of terrorist attacks on stock market.

especially, we investigate the impact of terrorist attacks produced in Tunisia on the Tunisian stock market.

considering the period from 11 may 2011 to 14 march 2016 and relying on an event study methodology, we find that the effects of terrorist attacks on stock market are different.

in particular, we observe seven positive reactions by the financial market and five negative one.