The market reaction of real estate companies to the announcement of the Russian–Ukrainian invasion

Journal of European real estate research, Journal Year: 2024, Volume and Issue: 17(1), P. 102 - 122

Published: Feb. 7, 2024

Purpose This study aims to investigate the market reaction in real estate announcement of Russia’s invasion Ukraine. Design/methodology/approach uses event method assess that Russia is invading The sample this comprises 2,325 companies market. We also conduct a cross-sectional analysis determine influence North Atlantic Treaty Organization (NATO) members and company characteristics on reactions during invasion. Findings global reacts significantly negative toward indicates war poses high geopolitical risk prompts financial markets down. authors demonstrate emerging frontier react before after its announcement. Meanwhile, developed tend only announced. Furthermore, we find NATO more strongly than other markets. Social implications result implies investors flee from stock exchange, while deeper country’s involvement, worry about risks. Originality/value first discuss Russian Ukrainian, specifically

Language: Английский

---

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

---

The market reaction of energy companies to the announcement of the Russian–Ukrainian invasion

European Journal of Management and Business Economics, Journal Year: 2024, Volume and Issue: unknown

Published: June 3, 2024

Purpose This study aims to empirically analyze the market response of energy companies Russian-Ukrainian invasion. Additionally, it examines comparison reactions between in NATO member countries and non-member countries. Design/methodology/approach utilizes a sample 1,511 sector companies. To achieve research objectives, two methods are employed. First, an event is used reaction using Cumulative Abnormal Return (CAR) announcement Russia's invasion Ukraine on February 24, 2022 (event day) within window (−30, +30). Second, cross-sectional analysis conducted compare responses with those Findings The findings this reveal that worldwide reacted positively both before after invasion, significant observed from Americas, Europe, Asia & Pacific regions. However, Middle East Africa markets did not show reactions. Furthermore, indicates most developed emerging responded positively, likely due increase commodity prices during war. Moreover, was stronger compared other markets. Originality/value contributes existing literature by being first examine impact Russian sector, while categorizing as developed, emerging, frontier. It also specifically explores countries, providing unique insights into differential sector.

Language: Английский

---

Banking sector's reaction during the Russian invasion of Ukraine: who reacted the most?

Journal of Economic Studies, Journal Year: 2023, Volume and Issue: 51(5), P. 1011 - 1035

Published: Nov. 6, 2023

Purpose This study aims to investigate the market reaction Russian invasion of Ukraine, specifically in banking sector. Design/methodology/approach The research uses an event and cross-sectional analysis, with measured by cumulative abnormal return (CAR). sample comprised 1,126 banks. Findings results show that reacted negatively both before after its announcement. Developed emerging markets saw a negative impact from invasion, while frontier experienced only slight impact. authors also find North Atlantic Treaty Organization (NATO) members significantly was announced. demonstrates NATO more impactful than other markets. Overall, this shows investors are very sensitive war. Originality/value is first provide international evidence, on sector's during Ukraine.

Language: Английский

---

Market Reaction to COVID-19 and Policy Response Across Different Sectors: An Event Study on ASEAN Stock Market

Finance Theory and Practice, Journal Year: 2024, Volume and Issue: 28(1), P. 30 - 42

Published: March 1, 2024

The purpose of the study is to investigate market reaction COVID-19 and policy response in ASEAN stock market. subjects this are companies located countries (Indonesia, Malaysia, Thailand, Philippines, Vietnam) as many 2349 companies. basic methodology research uses event method using CAR (Cumulative Abnormal Return) a measure reaction. We also regressed effect firm characteristics ( SIZE, ROA, LEV, CASH, AGE ) on According paper’s results , reacted negatively announcement cases deaths. In condition, markets Vietnam had worst reactions pandemic outbreak. Moreover, emphasizing spread disease. find that several sectors provided negative addition, company’s significantly influenced encouragement regulations. Practical implications were for policymakers regarding need consider conditions interventions health crisis. Investors should involved handling pandemic.

Language: Английский

---

Impact of the Israel–Hamas conflict on financial markets of MENA region – a study on investors’ reaction

Journal of economic and administrative sciences., Journal Year: 2024, Volume and Issue: unknown

Published: Sept. 24, 2024

Purpose This study aims to examine market reactions the Israel–Hamas conflict in neighboring countries, particularly focusing on Middle East North Africa (MENA) region. Design/methodology/approach The adopts an event methodology, employing average abnormal return (AAR) and cumulative as measures assess reactions. sample for this comprises 1,314 companies, with October 9, 2023, identified day analysis. Findings results of our indicate that countries close proximity Israel Palestine encountered detrimental effects their capital markets, evidenced by negative responses observed across various sectors. Our analysis also reveals midst conflict, Israel, experienced a decrease stock markets sectors, exception materials real estate. In addition, investigation disparities according different categories company size. Originality/value research is first MENA region at level.

Language: Английский

---

Market Reactions to the Israel-Hamas Conflict: A Comparative Event Study of the US and Chinese Markets

Borsa Istanbul Review, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 1, 2024

Language: Английский

---

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

---

Do changes in interest rate regulation affect stock returns? An event study approach on the Kenyan banking sector stocks

Journal of Financial Regulation and Compliance, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 11, 2025

Purpose This study aims to examine whether interest rate regulations affect stock returns in a developing market. Design/methodology/approach analyses the impact of regulation on Kenyan banks using event methodology and difference-in-difference approach. It examines market reaction bank valuation effects from 2004 2022, focusing cap’s introduction August 2016 its repeal November 2019. Cumulative abnormal are calculated for four sub-periods within five-day window around these events data 11 300 days. Findings Contrary expectations, this finds that announcement controls results negative statistically significant cumulative returns. However, difference-in-differences analysis shows regulatory changes had an insignificant long-term valuations beyond period. Research limitations/implications how returns, guiding investors managing wealth efficiency economies. Originality/value investigates reactions response economy. focuses caps, their subsequent repeals shift risk-based lending. Using combination offers novel methodological contribution compared prior research.

Language: Английский

---

Russian Export Specialisation Amid Increasing Sanctions: Evidence with an Analysis of RCA, RSCA, and TBI

˜The œAcademy of International Business, Journal Year: 2025, Volume and Issue: unknown, P. 247 - 269

Published: Jan. 1, 2025

Language: Английский

---