World War II events and the Dow-Jones Industrial Index
Choudhry, Taufiq (2009) World War II events and the Dow-Jones Industrial Index. Southampton, GB, University of Southampton (Working Paper Series).
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This paper tries to determine which events of World War II (WWII) were viewed as the turning point (structural break) of war by the US investors. The empirical study employs daily Dow Jones industrial average stock index from January 1939 to December 1945 and applies structural shift oriented test to determine endogenously the structural breaks during the WWII period. Results show that majority of the wartime events (on and off the battlefield) labelled important by historians did result in structural breaks in price movement (risk).
|Item Type:||Monograph (Working Paper)|
|Keywords:||wwii, events, structural breaks, allies, stock index|
|Subjects:||H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
D History General and Old World > D History (General) > D731 World War II
|Divisions:||University Structure - Pre August 2011 > School of Management
|Date Deposited:||11 Jul 2006|
|Last Modified:||02 Mar 2012 12:16|
|Contributors:||Choudhry, Taufiq (Author)
|Date:||7 August 2009|
|Publisher:||University of Southampton|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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