Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/19085
Title: | The impact of business and political news on the GCC stock markets |
Authors: | Al-Maadid, A Caporale, G Spagnolo, F Spagnolo, N |
Keywords: | Business News;GCC countrie;Markov switching Model;Political News |
Issue Date: | 2019 |
Publisher: | Elsevier |
Citation: | Research in International Business and Finance, 2019 |
Abstract: | This paper investigates the impact of business and political news on stock market returns in the Gulf Cooperation Council (GCC) countries. For this purpose, it employs a Markov switching model including a separate index for each of the two categories of news considered. The results indicate the importance of news as drivers of GCC stock returns, with business news playing a more substantial role; further, news released in the largest financial markets in the regions are found to have significant cross-border effects. |
URI: | http://bura.brunel.ac.uk/handle/2438/19085 |
ISSN: | 0275-5319 |
Appears in Collections: | Dept of Economics and Finance Embargoed Research Papers |
Files in This Item:
File | Description | Size | Format | |
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FullText.pdf | Embargoed until 1/1/2030 | 1.12 MB | Adobe PDF | View/Open |
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