Abstract
This study examines the impact of terrorism on Karachi stock market returns. Daily data of KSE100 index from 1st July 1999 to 31st December 2015 is used for the empirical analysis. The objective of this paper is to examine the change in systematic risk in response to the terrorist activities. Multiscale data derived from Maximal Overlap Discrete Wavelet Transformation (MODWT) was used to test the heterogeneous market hypothesis. The results showed no relationship between Terrorism and increase in the systematic risk for KSE100 index returns mainly in short-run.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
