This article contributes to the related literature on business failure by investigating the relationship between terrorism and business failure in the MENAP (Middle East, North Africa, Afghanistan and Pakistan) region over the period 2004-2017. As an indicator of business failure, we used an insolvency index that is part of the World Bank’s Doing Business. As an index of terrorism, we used the number of terrorist attacks. According to the GMM results terrorist attacks have a negative impact on business and they lead to their failure. These findings contribute to our understanding of the effects of terrorism on the survival of businesses.

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Frifita, M., Hadhek, Z. (2020). The effects of terrorism on business failure in the MENAP region. International Journal of Humanities, Arts and Social Sciences, 6(4), 142-150. doi:10.20469/ijhss.6.20001-4