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AuthorAl-Maadid, Alanoud
AuthorMariaCaporale, Guglielmo
AuthorSpagnolo, Fabio
AuthorSpagnolobc, Nicola
Available date2021-06-23T11:18:51Z
Publication Date2020-04-01
Publication NameResearch in International Business and Financeen_US
Identifierhttp://dx.doi.org/10.1016/j.ribaf.2019.101102
CitationAlanoud Al-Maadid, Guglielmo Maria Caporale, Fabio Spagnolo, Nicola Spagnolo, The impact of business and political news on the GCC stock markets, Research in International Business and Finance, Volume 52, 2020, 101102, ISSN 0275-5319, https://doi.org/10.1016/j.ribaf.2019.101102
ISSN02755319
URIhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85076680822&origin=inward
URIhttp://hdl.handle.net/10576/20831
AbstractThis 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.
SponsorI would like to thank Qatar University Grant QUCP-CBE-2018-1
Languageen
PublisherElsevier
SubjectBusiness news
SubjectGCC countries
SubjectMarkov switching Model
SubjectPolitical news
TitleThe impact of business and political news on the GCC stock markets
TypeArticle
Volume Number52
elsevier.identifier.scopusid SCOPUS_ID:85076680822


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