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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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    Cited by:

    1. Faheem Aslam & Amir Rafique & Aneel Salman & Hyoung-Goo Kang & Wahbeeah Mohti, 2018. "The Impact Of Terrorism On Financial Markets: Evidence From Asia," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(05), pages 1183-1204, December.
    2. 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.
    3. Aslam Faheem & Kang Hyoung-Goo & Mughal Khurrum Shahzad & Awan Tahir Mumtaz & Mohmand Yasir Tariq, 2021. "Stock Market Volatility and Terrorism: New Evidence from the Markov Switching Model," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 27(2), pages 263-284, May.
    4. Malik, Zahra & Zaman, Khalid, 2013. "Macroeconomic consequences of terrorism in Pakistan," Journal of Policy Modeling, Elsevier, vol. 35(6), pages 1103-1123.
    5. 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.
    6. 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.
    7. Mazhar Ummad, 2019. "Terrorism and Firm Performance: Empirical Evidence from Pakistan," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(1), pages 1-17, January.
    8. 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.
    9. 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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