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Terrorism and global business performance

Terrorism and global business performance
Terrorism and global business performance
This paper contributes to the literature on business performance by investigating the relationship between terrorism and global business performance at country level. A measure of a country’s distance from the frontier score of the World Bank’s Doing Business index is used to proxy for business performance. The results of the fixed-effects estimations based on 173 countries over seven years (2009–2017) show that terrorism has no significant relationship with global business performance. We then partition our sample into developed, developing and fragile countries. The results still show that there is no robust significant relationship between terrorism and business performance for the sub-samples of developed and developing countries. However, the results based on the fragile countries’ sub-sample suggest a significant negative relationship between terrorism and business performance. The results are consistent with an alternative measure of business performance and estimation technique that controls for endogeneity.
Terrorism, developed, developing, fragile country, global business performance
1076-9307
Tauringana, Venancio
27634458-b041-4bc1-94da-3e031d777e4f
Tingbani, Ishmael
e6b2741a-d792-4adf-84cc-a2f64d5545ca
Okafor, Godwin
cbb60b29-b4e1-48f7-a088-034a499f3f90
Sha'ven, Widin B.
971403a4-399f-4f93-ae6d-1e8a0b7522c3
Tauringana, Venancio
27634458-b041-4bc1-94da-3e031d777e4f
Tingbani, Ishmael
e6b2741a-d792-4adf-84cc-a2f64d5545ca
Okafor, Godwin
cbb60b29-b4e1-48f7-a088-034a499f3f90
Sha'ven, Widin B.
971403a4-399f-4f93-ae6d-1e8a0b7522c3

Tauringana, Venancio, Tingbani, Ishmael, Okafor, Godwin and Sha'ven, Widin B. (2020) Terrorism and global business performance. International Journal of Finance & Economics. (doi:10.1002/ijfe.2085).

Record type: Article

Abstract

This paper contributes to the literature on business performance by investigating the relationship between terrorism and global business performance at country level. A measure of a country’s distance from the frontier score of the World Bank’s Doing Business index is used to proxy for business performance. The results of the fixed-effects estimations based on 173 countries over seven years (2009–2017) show that terrorism has no significant relationship with global business performance. We then partition our sample into developed, developing and fragile countries. The results still show that there is no robust significant relationship between terrorism and business performance for the sub-samples of developed and developing countries. However, the results based on the fragile countries’ sub-sample suggest a significant negative relationship between terrorism and business performance. The results are consistent with an alternative measure of business performance and estimation technique that controls for endogeneity.

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Terrorism and Global Business Performance - Accepted Manuscript
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More information

Accepted/In Press date: 18 June 2020
Published date: 30 August 2020
Keywords: Terrorism, developed, developing, fragile country, global business performance

Identifiers

Local EPrints ID: 442218
URI: http://eprints.soton.ac.uk/id/eprint/442218
ISSN: 1076-9307
PURE UUID: ce02b061-c411-4e67-82e9-179454787cde
ORCID for Venancio Tauringana: ORCID iD orcid.org/0000-0002-1433-324X
ORCID for Ishmael Tingbani: ORCID iD orcid.org/0000-0002-4012-1224

Catalogue record

Date deposited: 09 Jul 2020 16:30
Last modified: 26 Nov 2021 03:22

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Contributors

Author: Godwin Okafor
Author: Widin B. Sha'ven

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