A carregar...
Publicação
The impact of the Russo- Ukrainian conflict on the Austrian stock market
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.21 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This study examines Austria’s stock market reaction to the Russo-Ukrainian war using an event
study approach. First, Austria experienced higher negative abnormal returns (ARs) compared
to its non-NATO European counterparts. On the country level, the analysis of ARs before and
after Russia’s invasion of Ukraine also delivered significant negative results. The analysis on
an industry level highlights that the financial sector suffered the most from the outbreak of the
war. The firm-specific cross-sectional examination indicates mixed results, with large
corporates and highly rentable firms recording statistically significant negative and positive
reactions, respectively, after February 24, 2022 ‒ the event day.
Descrição
Palavras-chave
Crisis War Event study Stock market return Russo-Ukrainian conflict