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This article contributes to the related literature on business failure by investigating the relationship between terrorism and business failure in the MENAP (Middle East, North Africa, Afghanistan and Pakistan) region over the period 2004-2017. As an indicator of business failure, we used an insolvency index that is part of the World Bank’s Doing Business. As an index of terrorism, we used the number of terrorist attacks. According to the GMM results terrorist attacks have a negative impact on business and they lead to their failure. These findings contribute to our understanding of the effects of terrorism on the survival of businesses

Author

Listed:
  • Manel Frifita

    (FSEGT, University of Tunis El Manar, Tunis, Tunisia)

  • Zouhaier Hadhek

    (Higher Institut of Management of Gabes, Tunis, Tunisia)

Abstract

No abstract is available for this item.

Suggested Citation

  • Manel Frifita & Zouhaier Hadhek, 2020. "This article contributes to the related literature on business failure by investigating the relationship between terrorism and business failure in the MENAP (Middle East, North Africa, Afghanistan and," International Journal of Humanities, Arts and Social Sciences, Dr. Mohammad Hamad Al-khresheh, vol. 6(4), pages 142-150.
    • Handle: RePEc:apa:ijhass:2020:p:142-150
    DOI: 10.20469/ijhss.6.20001-4
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    References listed on IDEAS

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    3. Chesney, Marc & Reshetar, Ganna & Karaman, Mustafa, 2011. "The impact of terrorism on financial markets: An empirical study," Journal of Banking & Finance, Elsevier, vol. 35(2), pages 253-267, February.
    4. Nico Dewaelheyns & Cynthia Hulle, 2008. "Legal reform and aggregate small and micro business bankruptcy rates: evidence from the 1997 Belgian bankruptcy code," Small Business Economics, Springer, vol. 31(4), pages 409-424, December.
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