The Effects Of Violent Events On The Mexican Stock Market

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Magali Valero
University of Michigan

Jorge Valero-Gil
Universidad Autónoma de Nuevo León

Keywords

Violence, Financial Markets, Event Study, Mexico

Abstract

We study the impact of violent events on the Mexican stock market, by using an event study approach. Our results show that the Mexican stock market reacts negatively to news of violent events. This news, however, have no spillover effects into other Latin American and emerging markets, nor to the U.S. market, where their occurrence was inconsequential.

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Published
Jul 1, 2020
DOI https://doi.org/10.19030/jabr.v36i4.10352

Article Details

How to Cite
Valero, M. ., & Valero-Gil, J. (2020). The Effects Of Violent Events On The Mexican Stock Market. Journal of Applied Business Research (JABR), 36(4), 171–180. https://doi.org/10.19030/jabr.v36i4.10352
Issue
Vol. 36 No. 4 (2020)
Section
Articles
Author Biographies

Magali Valero, University of Michigan

Magali Valero is an associate professor of finance at the University of Michigan, Dearborn. Her research topics include international cross-listings, poverty, economic development, and the financial market and economy of Mexico. Department of Accounting and Finance. University of Michigan Dearborn. 19000 Hubbard Drive, Dearborn, MI, 48126. Phone: (313) 583-6532. mvalero@umich.edu

Jorge Valero-Gil, Universidad Autónoma de Nuevo León

Jorge Valero is a professor of economics at Universidad Autónoma de Nuevo León. His research topics include problems of economic development of Mexico, including formal and empirical analysis in informality, remittances, education, poverty, nutrition, crime, and the financial market in Mexico. Facultad de Economía. Avenida Lázaro Cárdenas 4600 Ote. Fracc. Residencial Las Torres. Monterrey, Nuevo León, C.P. 64930, Mexico. Phone: (52) 8183294000 Ext. 2443. jnvalero@gmail.com