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Comprehensive analysis of global stock market reactions to the Russia-Ukraine war

Meihong Sun and Chao Zhang

Applied Economics Letters, 2023, vol. 30, issue 18, 2673-2680

Abstract: Since the explosion of the Russia-Ukraine war, the global stock markets have experienced considerable oscillation. Using data for 86 countries, this paper provides a comprehensive analysis to identify the roles of geopolitical, economic, institutional, humanitarian, industrial, and firm-related factors in explaining the heterogeneous abnormal returns for listed firms around the explosion of the war.

Date: 2023
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DOI: 10.1080/13504851.2022.2103077

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