The North American Journal of Economics and Finance, Год журнала: 2024, Номер 75, С. 102311 - 102311
Опубликована: Ноя. 13, 2024
Язык: Английский
International Review of Economics & Finance, Год журнала: 2025, Номер unknown, С. 103877 - 103877
Опубликована: Янв. 1, 2025
Язык: Английский
Процитировано
2
Finance research letters, Год журнала: 2024, Номер 64, С. 105412 - 105412
Опубликована: Апрель 16, 2024
Язык: Английский
Процитировано
14
Policy Studies, Год журнала: 2024, Номер 45(3-4), С. 336 - 352
Опубликована: Янв. 15, 2024
This article mainly investigates whether the war in Ukraine-Russia induces uncertainties and how this affects returns of world stock market indices commodity prices. To do so, we use Economic Policy Uncertainty index (EPU), 96 price 67 commodities worldwide over period from January 2022 to April 2023. Our empirical results show that between Ukraine Russia increases uncertainties, which negatively affect performance global financial markets lead higher These negative shocks tend be smaller longer persists. We also observe responses war-induced are stronger Europe America. Overall, provide unique evidence impact on is transmitted
Язык: Английский
Процитировано
11
Journal of Economic Studies, Год журнала: 2024, Номер 51(8), С. 1714 - 1731
Опубликована: Март 19, 2024
Purpose The present research study aims to explore the impact of most recent Israeli–Palestinian conflict, which unfolded in October 2023, on global equity markets, including a wide range both emerging and developed markets (as per Morgan Stanley Capital Investment country classification). Design/methodology/approach market model event methodology, with an estimation window 200 days 28-day (including day, i.e. 7, 2023), has been employed investigate event’s stock different countries, 24 countries 23 countries. daily closing prices prominent indices all 47 have analyzed examine conflict overall markets. Additionally, cross-sectional regression analysis performed possible explanations for abnormal returns. Findings findings suggest heterogeneous selected Notably, landscape exhibited substantial negative responses as reflected average returns −0.47% −0.397%, respectively. In contrast, displayed resilience, no significant observed day event. A closer examination individual revealed diverse reactions, Poland, Egypt, Greece, Denmark Portugal standing out their positive or resilient responses. particular, demonstrated significantly cumulative (CARs) 7.16% short-term 8.59% long-term windows (−7, +7 −7, +20, respectively), emphasizing its robust performance amid geopolitical turmoil. also found that, during various windows, specific variables had CARs. Practical implications suggests diversification monitoring risks are key strategies investors enhance portfolio resilience conflict. This identifies such providing practical insights strategic investment decisions. Key takeaways include identifying leveraging opportunistic navigating dynamics uncertainties. Originality/value As authors’ thorough investigation review literature, is earliest attempt 2023 worldwide using approach analysis.
Язык: Английский
Процитировано
11
International Journal of Development Issues, Год журнала: 2025, Номер unknown
Опубликована: Янв. 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.
Язык: Английский
Процитировано
1
Finance research letters, Год журнала: 2024, Номер 67, С. 105900 - 105900
Опубликована: Июль 31, 2024
Язык: Английский
Процитировано
6
Finance research letters, Год журнала: 2024, Номер 65, С. 105502 - 105502
Опубликована: Май 9, 2024
Язык: Английский
Процитировано
5
Journal of Economic Studies, Год журнала: 2024, Номер unknown
Опубликована: Июль 21, 2024
Purpose This study examines the immediate impact of Israel-Iran conflict on global stock markets and currency pairs, focusing how these effects vary by market maturity geographic region. Design/methodology/approach uses event method to examine effect conflict. It model across a 252-day estimation window through −257, −6 trading days an 11-day −5, +5 days. The primary sample includes 73 indices, 7 EURO 14 USD 6 GBP JPY pairs. Findings findings suggest that (1) are adversely affected conflict, (2) JPY, GBP, pairs least affected, (3) exhibit positive abnormal returns suggesting flight safety, (4) frontier standalone experience most adverse effects, followed developed emerging markets, (5) pan-American more pronounced Europe, Middle East, African Asia Pacific markets. Research limitations/implications advise investors manage risk during geopolitical uncertainty diversification hedging. Policymakers should monitor developments enact responsive measures. Market participants can capitalize insights for strategic investment. Originality/value contributes extant war literature exploring serves as first escalating due Iran’s attack Israel.
Язык: Английский
Процитировано
5
Business Strategy and the Environment, Год журнала: 2024, Номер unknown
Опубликована: Сен. 17, 2024
Abstract With a sample of 679 listed firms, integrating the event study method and cross‐sectional analysis, we examine stock market reaction to mandatory sustainability reporting regulation in India. We find that (1) on average, investors react positively such announcements; (2) impact varies across different sectors; (3) affected unaffected firms do not posit significant differences; (4) carbon‐intensive are impacted; (5) high environmental, social, governance (ESG) performance is negatively associated with event‐induced cumulative abnormal returns (CAR). One standard deviation change ESG leads −0.77%, −0.45%, −0.61% changes [+1,+5], [−5,+5], [−7,+7] CAR, respectively. The findings align value relevance idea reputational risk theory but contradict reservoir goodwill hypothesis.
Язык: Английский
Процитировано
5
Journal of economic and administrative sciences., Год журнала: 2024, Номер unknown
Опубликована: Сен. 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.
Язык: Английский
Процитировано
5