Impact of Terrorism on Stock Markets
|Author:||Bc. Marek Koščo|
|Year:||2017 - summer|
|Leaders:|| RNDr. Michal Červinka Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||Terrorism generally induces negative mood in the society. Financial markets
performance exhibits the contingency on the mood of their trading participants.
The thesis enhances the understanding of this interrelated entities
by analysing the situation from 2000 to 2015 at the 20 world largest markets.
Their composite indices are put under scrutiny employing a multifactor
model, a difference equation and a logit model. The impact is confirmed
and further discussed, while the logit model provides a simple framework for
forecasting index returns just after an attack with more than 25 casualties.