An investigative study of links between terrorist attacks and cryptocurrency markets

Almaqableh, Laith; Reddy, Krishna; Pereira, Vijay; Ramiah, Vikash; Wallace, Damien; Veron, Jose Francisco

doi:10.1016/j.jbusres.2022.04.019

Cited by 28 publications

(23 citation statements)

References 52 publications

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“…Most of the studies reveal that equity markets are in some way affected by terrorist attacks (see Chen and Siems, 2004;Richman et al, 2005;Barros and Gil-Alana, 2009;Ramiah, 2012;Graham and Ramiah, 2012;Ramiah and Graham, 2013;Cam and Ramiah, 2014;Aslam and Kang, 2015;Apergis and Apergis, 2016;Veron et al, 2017;Almaqableh et al, 2022). As one of the most shocking terrorist attacks, the September 11 terrorist attack had the most significant effect on the financial markets.…”

Section: Terrorism and Its Effect On Marketsmentioning

confidence: 99%

“…Also, targeting specific locations with strategic advantages, these assaults have a higher effect on the stock market returns. Almaqableh et al (2022) explore the impact of 21 terrorist attacks on the returns of 100 cryptocurrencies. They find that terrorist attacks positively contribute to cryptocurrency returns, becoming good news for cryptocurrency.…”

Section: Terrorism and Its Effect On Marketsmentioning

confidence: 99%

“…Terrorist events with more than 100 deaths are considered major terrorist attacks that could potentially affect the Bitcoin and NFT markets. This event selection method differs from Almaqableh et al (2022), who chose 13 Firuze Simay SEZGİN, Caner ÖZDURAK İktisat Politikası Araştırmaları Dergisi -Journal of Economic Policy Researches events based on a global agreement on what is regarded as a terrorist attack and one that the global news had reported as a terrorist attack. Our selection method is not based on relative perceptions of terrorist attacks and therefore is not limited to any geographical area or subjective prioritizations.…”

Section: Nftsalesmentioning

confidence: 99%

“…Following the previous line of work, we employ abnormal returns (AR) of markets on the dates of the terrorist events (e.g., Chen and Siems, 2004;Richman, Santos and Barkoulas, 2005;Barros and Gil-Alana, 2009;Ramiah, Martin and Moosa, 2013;Ramiah, 2012;Graham and Ramiah, 2012;Ramiah and Graham, 2013;Cam and Ramiah, 2014;Ramiah et al, 2019;Aslam and Kang, 2015;Apergis and Apergis, 2016;Veron et al, 2017;Almaqableh et al, 2022). This article offers an unexplored area in the literature by linking the AR of Bitcoin and NFT markets to a global list of selected terrorist attacks.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Are Crypto Assets Connected to Real World Shocks? The Nexus Between Terrorist Attacks, Bitcoin and NFTs

Sezgin¹,

Ozdurak²

2022

jepr

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Section: Terrorism and Its Effect On Marketsmentioning

confidence: 99%

Section: Terrorism and Its Effect On Marketsmentioning

confidence: 99%

Section: Nftsalesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Are Crypto Assets Connected to Real World Shocks? The Nexus Between Terrorist Attacks, Bitcoin and NFTs

Sezgin¹,

Ozdurak²

2022

jepr

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“…While research on the impact of published information on capital markets is still limited, our research aims to contribute to the literature by demonstrating the effect of disruption caused by demonstrations on market returns. Bhambhwani (2022), Almaqableh et al (2022), and Hu et al (2022) show that there are abnormal returns on the days around the date the event occurs. Their study is also reinforced by Peress and Schmidt (2020), who show that there is potential for disruptive capital market trading when sensational news coverage is published.…”

mentioning

confidence: 99%

Market Reaction to Demonstration Events

Setyawati¹,

Widarjo²

2023

JEFMS

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This study aims to analyse the effect of demonstration events on abnormal returns. The literature shows that demonstration events have information content that can influence investors in the capital market. Therefore, investors in the capital market will react after the information is received. Demonstration events are risks closely related to negative signals influencing investors’ decisions in the capital market. The country’s situation, which was currently in turmoil due to continuous and chaotic demonstrations, greatly affected the state of the country’s economy. The research sample is a company listed on the Indonesian stock exchange. The analysis results show that the days around the date of the demonstration against the Job Creation Law affect abnormal returns. Furthermore, the results of a comparative analysis between demonstration events show that demonstrations highlighting the scarcity of cooking oil and rising cooking oil prices, rising fuel prices, and increasing VAT rates at almost the same time have the highest impact on abnormal returns compared to other demonstration events. This study expands the literature on capital markets by analysing the influence of demonstration events that have broad social and economic impacts on abnormal returns in capital markets in developing countries.

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What motivates crypto likes? How assessment regulatory mode increases social media engagement with crypto assets

Mathmann,

Chrysochou,

Tiganis

et al. 2024

Psychology and Marketing

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Consumer engagement with social media posts is extensively examined in the marketing literature, yet the motivations behind engagement with high‐risk financial and digital assets, such as cryptocurrencies, remain unclear. This research explores what drives consumers to engage with social media posts about crypto assets like Bitcoin. Utilizing regulatory mode theory, we demonstrate across four studies that assessment language (motivating thought) versus locomotion (motivating action) increases social media engagement with crypto assets. In two field studies analyzing social media (N = 194,098 posts), we find that assessment results in more Facebook likes on posts about crypto assets. Additionally, two online experiments (N = 1661) establish a causal, positive relationship between assessment language and consumer liking intentions, mediated by perceived investment volatility, cognitive engagement, and positive affect. Managers should use assessment words like “think” and “compare” when communicating about crypto on social media and can leverage our dictionary to identify crypto terms in large text data sets.

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An investigative study of links between terrorist attacks and cryptocurrency markets

Cited by 28 publications

References 52 publications

Are Crypto Assets Connected to Real World Shocks? The Nexus Between Terrorist Attacks, Bitcoin and NFTs

Are Crypto Assets Connected to Real World Shocks? The Nexus Between Terrorist Attacks, Bitcoin and NFTs

Market Reaction to Demonstration Events

What motivates crypto likes? How assessment regulatory mode increases social media engagement with crypto assets

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