The Effect of Terrorism on Consumer Confidence in Europe

A Master of Business Administration (MBA) thesis by Maria Gulzar Sharifullah entitled, “The Effect of Terrorism on Consumer Confidence in Europe”, submitted in December 2024. Thesis advisor is Dr. Khusrav Gaibulloev. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AU...

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Main Author: Sharifullah, Maria Gulzar (author)
Format: doctoralThesis
Published: 2024
Subjects:
Online Access:https://hdl.handle.net/11073/25853
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author Sharifullah, Maria Gulzar
author_facet Sharifullah, Maria Gulzar
author_role author
dc.contributor.none.fl_str_mv Gaibulloev, Khusrav
dc.creator.none.fl_str_mv Sharifullah, Maria Gulzar
dc.date.none.fl_str_mv 2024-12
2025-02-10T10:46:58Z
2025-02-10T10:46:58Z
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv 33.232-2024.10
https://hdl.handle.net/11073/25853
dc.language.none.fl_str_mv en_US
dc.subject.none.fl_str_mv Terrorism
Consumer confidence
Micro-level effects
Endogeneity
Successful attacks
dc.title.none.fl_str_mv The Effect of Terrorism on Consumer Confidence in Europe
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/doctoralThesis
description A Master of Business Administration (MBA) thesis by Maria Gulzar Sharifullah entitled, “The Effect of Terrorism on Consumer Confidence in Europe”, submitted in December 2024. Thesis advisor is Dr. Khusrav Gaibulloev. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Form).
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identifier_str_mv 33.232-2024.10
language_invalid_str_mv en_US
network_acronym_str aus
network_name_str aus
oai_identifier_str oai:repository.aus.edu:11073/25853
publishDate 2024
repository.mail.fl_str_mv
repository.name.fl_str_mv
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spelling The Effect of Terrorism on Consumer Confidence in EuropeSharifullah, Maria GulzarTerrorismConsumer confidenceMicro-level effectsEndogeneitySuccessful attacksA Master of Business Administration (MBA) thesis by Maria Gulzar Sharifullah entitled, “The Effect of Terrorism on Consumer Confidence in Europe”, submitted in December 2024. Thesis advisor is Dr. Khusrav Gaibulloev. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Form).Terrorism studies tend to focus on the macro-economic effects, which seem to be significant in the short-run but insignificant in the long-run, emphasizing the need to develop a deeper understanding of micro-level effects. In particular, the impact of terrorism on the driving force of our economy – consumers – has been underresearched. Using monthly panel data from 23 European countries from 1973-2019, this study examines the effect of terrorism on consumer confidence in Europe. To test this micro-level relationship, we use a unique identification strategy, where we exploit the inherent randomness in the success or failure of an attack in order to overcome endogeneity issues and establish a direct causal relationship. We, therefore, directly compare the effect of successful attacks to failed attacks on consumer confidence. Our results reveal that compared to failed attacks, successful attacks lead to a significant and persistent negative impact on consumer confidence.School of Business AdministrationDepartment of Management, Strategy and EntrepreneurshipMaster of Business Administration (MBA)Gaibulloev, Khusrav2025-02-10T10:46:58Z2025-02-10T10:46:58Z2024-12info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/doctoralThesisapplication/pdf33.232-2024.10https://hdl.handle.net/11073/25853en_USoai:repository.aus.edu:11073/258532025-11-11T07:05:36Z
spellingShingle The Effect of Terrorism on Consumer Confidence in Europe
Sharifullah, Maria Gulzar
Terrorism
Consumer confidence
Micro-level effects
Endogeneity
Successful attacks
status_str publishedVersion
title The Effect of Terrorism on Consumer Confidence in Europe
title_full The Effect of Terrorism on Consumer Confidence in Europe
title_fullStr The Effect of Terrorism on Consumer Confidence in Europe
title_full_unstemmed The Effect of Terrorism on Consumer Confidence in Europe
title_short The Effect of Terrorism on Consumer Confidence in Europe
title_sort The Effect of Terrorism on Consumer Confidence in Europe
topic Terrorism
Consumer confidence
Micro-level effects
Endogeneity
Successful attacks
url https://hdl.handle.net/11073/25853