Out-of-this-world returns: How did the market value India's successful moon mission?

Simple item page
dc.contributor.authorNobanee, Haitham
dc.contributor.authorHamil, Philip
dc.contributor.authorAzmi, Wajahat
dc.contributor.authorAzmi , Shujaat
dc.date.accessioned2024-09-12T08:05:57Z
dc.date.available2024-09-12T08:05:57Z
dc.date.issued2024
dc.description“A small step for man, a giant leap for mankind” - Neil Armstrong (on moon landing) India's historic moon landing on August 23, 2023, marked a pivotal moment in space exploration. It became the fourth nation globally, and the first to land on the moon's south pole. This achievement, accomplished by the Indian Space Research Organisation (ISRO), is particularly remarkable given India's relatively modest budget compared to other spacefaring nations. With Russia's recent failed attempt in August 2023, India's success underscores its emerging competence in the global space race.
dc.description.abstractThis paper explores the response of India's stock market to a successful moon mission. The market responded positively, especially in the defense sector. Four companies experienced significant wealth gains, highlighting the potential for investment and growth in India's space industry. Keywords: Defence sector; Equity markets; Event study; India; Moon mission
dc.identifier.citationAzmi, W., Azmi, S. N., Nobanee, H., & Hamil, P. A. (2024). Out-of-this-world returns: How did the market value India's successful moon mission?. Economics Letters, 234, 111490.
dc.identifier.doihttps://doi.org/10.1016/j.econlet.2023.111490
dc.identifier.urihttps://repository.adu.ac.ae/handle/1/6414
dc.language.isoen
dc.publisherElsevier B.V.
dc.titleOut-of-this-world returns: How did the market value India's successful moon mission?
dc.typeArticle

Files

License bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download

Collections

Economics:Macroeconomics