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:: Volume 14, Issue 56 (Spring 1397 2018) ::
QEER 2018, 14(56): 87-114 Back to browse issues page
Measuring The Impact of Sanction On Targeted Firms’ Market Value: Evidence From Tehran Exchange Market after European :::::union::::: Sanctions
Amir Godasiaye 1, Mehdi Asali
1- , amirasian69@gmail.com
Abstract:   (439 Views)

On 23 January 2012, the Europian :::::union::::: imposed a set of sanctions on Iran’s oil and petrochemical industries. The goal was to isolate them from international markets and also to reduce the government’s income.  This study assesses the impact of passing the bill in EU parliament on the market value of petrochemical firms in the short and long runs.  We incorporate the method of event studies to compare the price return and the cash flow of the targeted firms (petrochemicals) compared to the control firms (the whole market). The panel data method is also applied in order to measure the average effects.  In the short run, we do not observe any significant decline in the targeted firms’ price return. However, in the long run, the cash returns of the targeted firms’ stock price has significantly increased.
 

Keywords: event study, sanction European :::::union:::::, abnormal return
Full-Text [PDF 1342 kb]   (182 Downloads)    
Type of Study: paper | Subject: Marketing, Finance
Received: 2017/05/5 | Accepted: 2018/08/1 | Published: 2018/08/2
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Godasiaye A, asali M. Measuring The Impact of Sanction On Targeted Firms’ Market Value: Evidence From Tehran Exchange Market after European :::::union::::: Sanctions. QEER. 2018; 14 (56) :87-114
URL: http://iiesj.ir/article-1-676-en.html


Volume 14, Issue 56 (Spring 1397 2018) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
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