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The Implications of International Political Disputes on Business Interests: An Event Study


Author Info

  • Kyriakos Drivas

    (Department of Agricultural and Resource Economics, University of California-Berkeley, Berkeley, USA)


This paper examines, via an event study approach, the effect of Greece’s veto against FYROM’s bid for NATO accession on the stocks of Greek firms conducting business in FYROM. The results show a negative effect on the stocks of these Greek firms while the veto “news” was taken into account at an earlier date rather than the actual veto announcement. This date is identified as the date when negotiations over a bilateral resolution appeared to collapse.

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Bibliographic Info

Article provided by Cyprus Economic Society and University of Cyprus in its journal Ekonomia.

Volume (Year): 13 (2010)
Issue (Month): 1 (Summer)
Pages: 36-55

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Handle: RePEc:ekn:ekonom:v:13:y:2010:i:1:p:36-55

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