The impacts of the Kosovo War on NATO defense industries

Date

2002

Editor(s)

Advisor

Yülsel, Aydın

Supervisor

Co-Advisor

Co-Supervisor

Instructor

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Abstract

The purpose of this study is to examine the effects of the Kosovo War on the NATO countries defense industry stocks. The data set covers daily prices of stocks of 34 U.S., 12 U.K., 7 French and 3 Turkish companies, totaling 56 defense stocks. The analysis is conducted by using both standard event study methodology and multivariate regression model. The study provides evidence that the defense stocks reacted positively and significantly to the Kosovo War. The study shows that there is a significant difference between the abnormal returns of the U.S. defense stocks and European defense stocks. However, the analysis proves that there is no significant difference between the abnormal returns of aerospace stocks and non-aerospace defense stocks.

Source Title

Publisher

Course

Other identifiers

Book Title

Degree Discipline

Business Administration

Degree Level

Master's

Degree Name

MBA (Master of Business Administration)

Citation

Published Version (Please cite this version)

Language

English

Type