Replication data for: Detecting Illegal Arms Trade
Principal Investigator(s): View help for Principal Investigator(s) Stefano DellaVigna; Eliana La Ferrara
Version: View help for Version V1
Name | File Type | Size | Last Modified |
---|---|---|---|
AEJDataPosting | 10/13/2019 06:22:AM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/13/2019 02:23:AM |
Project Citation:
DellaVigna, Stefano, and La Ferrara, Eliana. Replication data for: Detecting Illegal Arms Trade. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114748V1
Project Description
Summary:
View help for Summary
We propose a method to detect illegal arms trade based on investor knowledge. We focus on countries under arms embargo and identify events that suddenly increase or decrease conflict intensity. If a weapon-making company is trading illegally, an event that increases the demand for arms may increase stock prices. We find positive
event returns for companies headquartered in countries with high corruption and low transparency in arms trade. We also suggest a method to detect potential embargo violations based on chains of reactions by individual stocks. The presumed violations positively correlate with the number of UN investigations and Internet stories. (JEL D74, F13, G14, K42, L64)
Scope of Project
JEL Classification:
View help for JEL Classification
D74 Conflict; Conflict Resolution; Alliances; Revolutions
F13 Trade Policy; International Trade Organizations
G14 Information and Market Efficiency; Event Studies; Insider Trading
K42 Illegal Behavior and the Enforcement of Law
L64 Other Machinery; Business Equipment; Armaments
D74 Conflict; Conflict Resolution; Alliances; Revolutions
F13 Trade Policy; International Trade Organizations
G14 Information and Market Efficiency; Event Studies; Insider Trading
K42 Illegal Behavior and the Enforcement of Law
L64 Other Machinery; Business Equipment; Armaments
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.