The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France

Although empirical research has studied both the direct and indirect economic effects of terrorism on the overall economy, little is known about the impact on firm-level economic behavior and performance. This paper examines the effect of terrorist attacks on local firm-level outcomes, including num...

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Autores:
Bayter Martínez, María Paulina
Tipo de recurso:
Fecha de publicación:
2021
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/53658
Acceso en línea:
http://hdl.handle.net/1992/53658
Palabra clave:
Terrorismo
Empresas
Empleo
Economía
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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oai_identifier_str oai:repositorio.uniandes.edu.co:1992/53658
network_acronym_str UNIANDES2
network_name_str Séneca: repositorio Uniandes
repository_id_str
dc.title.eng.fl_str_mv The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
title The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
spellingShingle The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
Terrorismo
Empresas
Empleo
Economía
title_short The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
title_full The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
title_fullStr The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
title_full_unstemmed The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
title_sort The Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for France
dc.creator.fl_str_mv Bayter Martínez, María Paulina
dc.contributor.advisor.none.fl_str_mv Zuleta González, Hernando
dc.contributor.author.none.fl_str_mv Bayter Martínez, María Paulina
dc.contributor.jury.none.fl_str_mv Roux Uribe, Nicolás de
Maldonado, Stanislao
dc.subject.armarc.none.fl_str_mv Terrorismo
Empresas
Empleo
topic Terrorismo
Empresas
Empleo
Economía
dc.subject.themes.none.fl_str_mv Economía
description Although empirical research has studied both the direct and indirect economic effects of terrorism on the overall economy, little is known about the impact on firm-level economic behavior and performance. This paper examines the effect of terrorist attacks on local firm-level outcomes, including number of employees and operating revenues. The paper focuses on France for the period between 2011 and 2018. Based on a two-way fixed effects methodology, the main results suggest that: (i) terrorist attacks reduce firms' operating revenues in the year of the attack; (ii) there seems to be a negative effect on both firms' revenues and employment during the three years after the attack; (iii) the effects seem larger for transnational terrorist incidents compared to domestic incidents; and (iv) the immediate effects are more pronounced in the tourism industry, but firms recover quickly after the attack. Overall, I identify a negative and robust effect of terrorism on firms' revenues, while the findings on employment only hold under certain assumptions.
publishDate 2021
dc.date.accessioned.none.fl_str_mv 2021-11-03T16:33:18Z
dc.date.available.none.fl_str_mv 2021-11-03T16:33:18Z
dc.date.issued.none.fl_str_mv 2021
dc.type.spa.fl_str_mv Trabajo de grado - Maestría
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
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dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/1992/53658
dc.identifier.pdf.none.fl_str_mv 24656.pdf
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url http://hdl.handle.net/1992/53658
identifier_str_mv 24656.pdf
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dc.language.iso.none.fl_str_mv eng
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eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 44 páginas
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de los Andes
dc.publisher.program.none.fl_str_mv Maestría en Economía
dc.publisher.faculty.none.fl_str_mv Facultad de Economía
publisher.none.fl_str_mv Universidad de los Andes
institution Universidad de los Andes
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Zuleta González, Hernandovirtual::16301-1Bayter Martínez, María Paulinaa34bcd99-ad4c-4974-b9bf-d4cb6f7ae2c2500Roux Uribe, Nicolás deMaldonado, Stanislao2021-11-03T16:33:18Z2021-11-03T16:33:18Z2021http://hdl.handle.net/1992/5365824656.pdfinstname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Although empirical research has studied both the direct and indirect economic effects of terrorism on the overall economy, little is known about the impact on firm-level economic behavior and performance. This paper examines the effect of terrorist attacks on local firm-level outcomes, including number of employees and operating revenues. The paper focuses on France for the period between 2011 and 2018. Based on a two-way fixed effects methodology, the main results suggest that: (i) terrorist attacks reduce firms' operating revenues in the year of the attack; (ii) there seems to be a negative effect on both firms' revenues and employment during the three years after the attack; (iii) the effects seem larger for transnational terrorist incidents compared to domestic incidents; and (iv) the immediate effects are more pronounced in the tourism industry, but firms recover quickly after the attack. Overall, I identify a negative and robust effect of terrorism on firms' revenues, while the findings on employment only hold under certain assumptions.Aunque la investigación empírica ha estudiado los efectos económicos directos e indirectos del terrorismo en la economía en general, se sabe poco sobre el impacto en el comportamiento y el desempeño económico a nivel de empresa. Este documento examina el efecto de los ataques terroristas en los resultados a nivel de las empresas locales, incluido el número de empleados y los ingresos operativos. El documento se centra en Francia para el período comprendido entre 2011 y 2018. Con base en una metodología de two-way fixed effects, los principales resultados sugieren que: (i) los ataques terroristas reducen los ingresos operativos de las empresas en el año del ataque; (ii) parece haber un efecto negativo en los ingresos y el empleo de las empresas durante los tres años posteriores al ataque; (iii) los efectos parecen mayores para los incidentes terroristas transnacionales en comparación con los incidentes domésticos; y (iv) los efectos inmediatos son más pronunciados en la industria del turismo, pero las empresas se recuperan rápidamente después del ataque. En general, identifico un efecto negativo y robusto del terrorismo en los ingresos de las empresas, mientras que los hallazgos sobre el empleo solo se mantienen bajo ciertos supuestos.Magíster en EconomíaMaestría44 páginasapplication/pdfengUniversidad de los AndesMaestría en EconomíaFacultad de EconomíaThe Impact of Terrorism on Firm-Level Performance and Employment: An Empirical Assessment for FranceTrabajo de grado - Maestríainfo:eu-repo/semantics/masterThesishttp://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/TMTerrorismoEmpresasEmpleoEconomía201513952Publicationhttps://scholar.google.es/citations?user=CgFQtFIAAAAJvirtual::16301-10000-0002-7322-5206virtual::16301-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000806196virtual::16301-154ba12b2-765c-452e-af5d-f7aa3b92860dvirtual::16301-154ba12b2-765c-452e-af5d-f7aa3b92860dvirtual::16301-1TEXT24656.pdf.txt24656.pdf.txtExtracted texttext/plain93499https://repositorio.uniandes.edu.co/bitstreams/7427f8d8-9a56-48a5-97f9-388670b7a244/download555bc797a5b13f62ee8bc52ad68a8e54MD54THUMBNAIL24656.pdf.jpg24656.pdf.jpgIM Thumbnailimage/jpeg13040https://repositorio.uniandes.edu.co/bitstreams/77c9a175-069b-4cfb-8def-0b244f2c4974/downloadf2f244646a0fc5c7664a8a52bf3db0bfMD55ORIGINAL24656.pdfapplication/pdf875986https://repositorio.uniandes.edu.co/bitstreams/50bf0082-fdee-446c-a694-c8e016802542/download8e5a1da6fd8891d4083428eabd34b18bMD511992/53658oai:repositorio.uniandes.edu.co:1992/536582024-03-13 15:41:26.682http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co