Recalibration of priorities: Investor preference and Russia-Ukraine conflict

Amanjot Singh, Ritesh Patel and Harminder Singh

Finance Research Letters, 2022, vol. 50, issue C

Abstract: This study examines the role of the Russia-Ukraine conflict in influencing the investor preference for energy, aerospace & defense, and ESG (i.e., environmental, social, and governance) investments, using Diebold and Yilmaz's (2012) return spillover effects from April 2019 to May 2022. Our findings report that energy and the aerospace & defense sectors become the net receivers of return spillover effects from ESG investments after February 2022, suggesting that the Russian invasion of Ukraine led to a recalibration of investor priorities. Investor preference for energy and the aerospace & defense sectors has increased in the wake of their growing sustainability role.

Keywords: Aerospace & defense; Energy; ESG (search for similar items in EconPapers)
JEL-codes: G10 G11 G14 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:50:y:2022:i:c:s1544612322004779

DOI: 10.1016/j.frl.2022.103294

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