Cited by How do selected asset classes react to sudden shocks? Evidence from Israel-Hamas Conflict Using Event Study Approach

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

Rizky Yudaruddin, Dadang Lesmana, Yanzil Azizil Yudaruddin

и другие.

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

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

Ghadi Saad

Kybernetes, Год журнала: 2025, Номер unknown

Опубликована: Март 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.

Язык: Английский

Процитировано

Airline Stock Market Reaction to CrowdStrike IT Outage: An Event Study Analysis DOI