Date of Award
Master of Science (MS)
Economics and Finance
This paper examines the effect that the terrorist attacks on September 11th, 2001 had on the stock prices of companies within the military defense industry. In addition, this paper studies the effect of the defense firms’ political engagement (through lobbying activities) and how this affected the stock price response to the terrorist attacks. Our study finds that the cumulative abnormal returns of these companies are positively significant and that companies who lobbied experienced higher returns relative to those who did not lobby.
Larsen, Derek J., "The Performance of Military Defense Contracted Companies After September 11th, 2001: The Case of Politically Connected Companies" (2019). All Graduate Plan B and other Reports. 1381.
Business Administration, Management, and Operations Commons, Business Analytics Commons, Business and Corporate Communications Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, Finance and Financial Management Commons, Organizational Behavior and Theory Commons, Other Business Commons
Copyright for this work is retained by the student. If you have any questions regarding the inclusion of this work in the Digital Commons, please email us at .