Disruptions in global trade routes: market reactions to the US–Houthi conflict in the consumer cyclical sector

International Journal of Development Issues, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 13, 2025

Purpose This study aims to investigate the market reaction in cyclical consumer sector US–Houthi conflict. Furthermore, authors explore impact of this conflict on reactions by and region. Design/methodology/approach Using an event methodology, paper analyze a sample 1,973 companies. used multiple windows, including 15-day period before invasion announcement as preinvasion after postinvasion event. Findings The find that pre war, tended show positive reaction, but toward day until post event, actually reacted significantly negatively conflict, especially developed developing markets. Asia Pacific is feels most negative from compared other terms industry types staples sector, Food Tobacco Personal Household Products Services felt impact, although majority all industries negatively. Originality/value focuses has not been extensively studied context reactions. Unlike previous research, specifically examines emphasizing significance trade route disruptions, particularly Suez Canal, global By providing insights into how such geopolitical events affect different regions industries, offers valuable guidance for policymakers managers mitigating adverse effects risks stability.

Language: Английский

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Market reaction to dividend announcements during COVID-19 pandemic in ASEAN countries

Asia-Pacific Journal of Business Administration, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 10, 2025

Purpose This study aims to investigate the market reaction dividend announcements in five ASEAN countries during COVID-19 pandemic. We focus on sectors that are less vulnerable pandemic, such as communication services, consumer staples, healthcare and information technology. Design/methodology/approach A sample of 5,648 from listed companies is utilized for this study, employing event method. The measured using cumulative abnormal return (CAR), cross-section regression employed examine determinants reaction. Findings findings reveal a significant positive technology following announcement an increase or decrease dividends. These results imply serve signal investors amidst However, does not respond significantly decreased constant dividends pandemic they perceived unfavorable signals. paper also highlights role tool through which express optimism facing challenges posed by their investors. Practical implications Originality/value offers novel cross-country analysis region, considering both post-pandemic periods focusing impacted COVID-19. Unlike previous studies limited single-country sector-specific analyses, our research uniquely addresses broader context includes insights into “new normal” period.

Language: Английский

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Financial markets' reactions to the 2023 Israel war: an empirical perspective from stock markets

Kybernetes, Journal Year: 2025, Volume and Issue: unknown

Published: March 3, 2025

Purpose This study aims to underline the unique reactions of stock markets event war. The paper undertakes a comparative assessment impact ongoing Israel war on selected indexes leading markets. Design/methodology/approach research design this is based autoregressive conditional heteroscedasticity models (Bollerslev, 1986; Nelson, 1991) examine returns and volatilities, methodology (Fama et al. , 1969) assess abnormal surrounding days quantile regression approach (Koenker Bassett, 1978) further appraise robustness results. dataset includes principal exchanges collected from international region Findings results indicated significant effect volatility cumulative revealed several distinctive findings. Among them, two seminal indications can be pointed out. First, considerable declines were identified at window [2, 11] for entire sample capital Second, salient number established positive during post-event period outcome suggests that profits are possible instantaneously after Further, analysis demonstrated not showing substantial responses war, regional disclosed effects. In nutshell, in line with efficient market hypothesis. They documented significance wars Research limitations/implications findings notable investment decisions portfolio management. Evidence proposed performance advanced favorable Investors participants adopt output enhance strategies achieve sustainable returns. highlighted necessity policies support financial activities displayed damages due Such call close collaborations between policymakers business leaders. Besides, limitation possibly exclusion control variables lack data. Originality/value considered first originate current exchanges. it challenges have durable negative overall Therefore, core contribute prominent evidence steadily growing literature wartime.

Language: Английский

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The Red Sea Conflict and Market Reactions: Examining the Role of Military Strength in Financial Markets

Peace Economics Peace Science and Public Policy, Journal Year: 2025, Volume and Issue: unknown

Published: April 15, 2025

Abstract This study examines market reactions to the US-Houthi conflict on January 11, 2024, across various markets, regions, and industries within financial sector, emphasizing role of military strength in shaping global responses. An event methodology is applied a sample 3,239 sector companies, observing over multiple windows: 15-day pre-event phase post-event surrounding announcement. Cross-sectional analysis conducted assess how impacts reactions. The results indicate significant vulnerability conflict, particularly during period from day phase, with developed markets experiencing greatest impact. While American showed mixed responses, European, Middle Eastern, African faced notable negative effects due disrupted trade routes; Asian also reactions, though lesser extent. banking industry recorded most adverse reaction emerged as critical factor influencing investor behavior response conflict. These findings highlight need for policymakers enhance stability by considering route security risk mitigation strategies, times geopolitical uncertainty, such early 2024.

Language: Английский

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DETERMINAN INDEKS PEMBANGUNAN MANUSIA DI INDONESIA

JURNAL RISET PEMBANGUNAN, Journal Year: 2024, Volume and Issue: 7(1), P. 37 - 49

Published: Dec. 26, 2024

Kesejahteraan manusia pada suatu wilayah di proyeksikan dengan IPM. Peneltian ini bertujuan mengukur variabel-variabel yang mempengaruhi kesejahteraan kabupaten/kota Indonesia tahun 2021. Jenis penelitian adalah kuantitatif dimana data cross section dikumpulkan dianalisis regresi. Variabel digunakan dalam peneltian yaitu PDRB, kemiskinan, pendidikan, kesehatan, dan dummy status wilayah. Penelitian menggunakan pengujian statistik dibantu EVIEWS 10 (Economic Views). Hasil menunjukkan bahwa variabel PDRB berpengaruh positif namun tidak signifikan terhadap Sedangkan kemiskinan negatif IPM Indonesia. Selanjutnya, pendidikan kesehatan diproyeksikan jumlah tenaga kerja sektor tersebut memiliki pengaruh Kondisi kota kabupaten juga dampak pembentukan IPM, perkotaan secara berdampak peningkatan berimplikasi diperlukannya kesetaraan pembangunan antara tingkat akhirnya akan menunjang penduduk Dimana akses ketersediaan sarana publik Kota empiris penduduk.

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