Trade dependence and stock market reaction to the Russia-Ukraine war

IF 1.8 4区经济学 Q2 BUSINESS, FINANCE

International Review of Finance Pub Date : 2023-03-07 DOI:10.1111/irfi.12414

Reza Tajaddini, Hassan F. Gholipour

引用次数: 2

Abstract

Using data from 83 countries, we show that the decline in the value of stock market indices in response to the Russia-Ukraine war was sharper in countries that have stronger trade ties (both exports and imports) with Russia and Ukraine. We also find the relationship between trade dependency and market drop is weaker in countries with more trade openness.

查看原文本刊更多论文

俄乌战争的贸易依赖和股市反应

使用来自83个国家的数据，我们表明，在与俄罗斯和乌克兰有更强贸易关系(包括出口和进口)的国家，俄乌战争对股票市场指数价值的影响更大。我们还发现，在贸易开放程度越高的国家，贸易依存度与市场下降的关系越弱。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Review of Finance BUSINESS, FINANCE-

CiteScore

3.30

自引率

5.90%

发文量

期刊介绍： The International Review of Finance (IRF) publishes high-quality research on all aspects of financial economics, including traditional areas such as asset pricing, corporate finance, market microstructure, financial intermediation and regulation, financial econometrics, financial engineering and risk management, as well as new areas such as markets and institutions of emerging market economies, especially those in the Asia-Pacific region. In addition, the Letters Section in IRF is a premium outlet of letter-length research in all fields of finance. The length of the articles in the Letters Section is limited to a maximum of eight journal pages.