Karolyi, G. Andrew - Charles A. Dice Center for Research in Financial … - 2007
Do terrorism-related investing strategies lead to superior investment performance? This study evaluates the risks and … returns to two different terrorism-related investment strategies in the U.S. markets over the period from 1994-2006. The first … have earned, on average, an economically small and statistically insignificant 16 basis point premium per month with a …