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How can business cope with terrorism?

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  • Frey, Bruno S.

Abstract

"What can business do to cope more successfully with terrorism?" The policy against terrorism available to business is a neglected issue in the scholarly literature especially in so far as individual firms rather than the business sector as a whole are concerned. Two sets of proposals are advanced, based on an economic analysis of terrorism. The first set discusses possibilities to reduce terrorists' incentives to attack business premises; the second part outlines proposals designed to minimize the costs to businesses once a terrorist attack has taken place, hence reducing the impact.

Suggested Citation

  • Frey, Bruno S., 2009. "How can business cope with terrorism?," Journal of Policy Modeling, Elsevier, vol. 31(5), pages 779-787, September.
    • Handle: RePEc:eee:jpolmo:v:31:y:2009:i:5:p:779-787
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    References listed on IDEAS

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    1. Ian Bellany, 2007. "Terrorism: Facts From Figures," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(2), pages 101-112.
    2. Carlos Pestana Barros & Isabel Proenca & Joao Ricardo Faria & Luis Gil-Alana, 2007. "Are Usa Citizens At Risk Of Terrorism In Europe?," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 495-507.
    3. Barros, Carlos Pestana & Passos, Jose & Gil-Alana, Luis A., 2006. "The timing of ETA terrorist attacks," Journal of Policy Modeling, Elsevier, vol. 28(3), pages 335-346, April.
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    7. Bruno S. Frey & Dominic Rohner, 2007. "Protecting Cultural Monuments Against Terrorism," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(3), pages 245-252.
    8. Barros, Carlos Pestana & Faria, Joao Ricardo & Gil-Alana, Luis A., 2008. "Terrorism against American citizens in Africa: Related to poverty," Journal of Policy Modeling, Elsevier, vol. 30(1), pages 55-69.
    9. Arie Perliger & Ami Pedahzur, 2006. "Coping with Suicide Attacks: Lessons from Israel," Public Money & Management, Chartered Institute of Public Finance and Accountancy, vol. 26(5), pages 281-286, November.
    10. Emizet Kisangani & E. Wayne Nafziger, 2007. "The Political Economy Of State Terror," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(5), pages 405-414.
    11. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
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    Cited by:

    1. Caruso, Raul & Schneider, Friedrich, 2013. "Brutality of Jihadist terrorism. A contest theory perspective and empirical evidence in the period 2002–2010," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 685-696.
    2. Malik, Zahra & Zaman, Khalid, 2013. "Macroeconomic consequences of terrorism in Pakistan," Journal of Policy Modeling, Elsevier, vol. 35(6), pages 1103-1123.
    3. Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2015. "The Economics Of Counterterrorism: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(1), pages 131-157, February.
    4. Brück, Tilman & Llussá, Fernanda & Tavares, José A., 2011. "Entrepreneurship: The role of extreme events," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 78-88.
    5. Iatridis, George, 2012. "Terrorist attacks and company financial numbers: Evidence on earnings management and value relevance from Madrid, London and Istanbul," Research in International Business and Finance, Elsevier, vol. 26(2), pages 204-220.
    6. Müller, Daniel Steffen, 2014. "Operating in Hostile, Harsh and Remote Environment," Journal of Applied Leadership and Management, Hochschule Kempten - University of Applied Sciences, Professional School of Business & Technology, vol. 3, pages 73-87.

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