Brunel University Research Archive(BURA) preserves and enables easy and open access to all
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Research contained within BURA is open access, although some publications may be subject
to publisher imposed embargoes. All awarded PhD theses are also archived on BURA.
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 | |
|---|---|---|---|---|
| FullText.pdf | Embargoed until 1/1/2030 | 1.12 MB | Adobe PDF | View/Open |
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