中东冲突与能源公司：空袭和无人机袭击对全球能源股票的影响

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-08-29 DOI:10.1016/j.frl.2024.106009

{"title":"中东冲突与能源公司：空袭和无人机袭击对全球能源股票的影响","authors":"","doi":"10.1016/j.frl.2024.106009","DOIUrl":null,"url":null,"abstract":"<div><p>The recent April 2024 Israel-Iran conflict had a notable impact on global energy markets. Returns on the top ten global energy stocks indicate investor apprehension up to 10 days before the event started on April 13, 2024. Energy stocks had significant negative returns on the event day itself, with positive CAARs pre-event and negative CAARs post-event. The dynamic market response highlights the heightened uncertainty for energy firms due to regional instability and potential supply chain interruptions, emphasizing the critical role of geopolitical events in shaping investor sentiment and the financial performance of energy firms.</p></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":null,"pages":null},"PeriodicalIF":7.4000,"publicationDate":"2024-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1544612324010390/pdfft?md5=f52120c2c07ad2a3b4c480f034053d35&pid=1-s2.0-S1544612324010390-main.pdf","citationCount":"0","resultStr":"{\"title\":\"Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks\",\"authors\":\"\",\"doi\":\"10.1016/j.frl.2024.106009\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>The recent April 2024 Israel-Iran conflict had a notable impact on global energy markets. Returns on the top ten global energy stocks indicate investor apprehension up to 10 days before the event started on April 13, 2024. Energy stocks had significant negative returns on the event day itself, with positive CAARs pre-event and negative CAARs post-event. The dynamic market response highlights the heightened uncertainty for energy firms due to regional instability and potential supply chain interruptions, emphasizing the critical role of geopolitical events in shaping investor sentiment and the financial performance of energy firms.</p></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2024-08-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S1544612324010390/pdfft?md5=f52120c2c07ad2a3b4c480f034053d35&pid=1-s2.0-S1544612324010390-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612324010390\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612324010390","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

最近于 2024 年 4 月发生的以色列-伊朗冲突对全球能源市场产生了显著影响。2024 年 4 月 13 日事件开始前 10 天，全球十大能源股的回报率显示了投资者的担忧情绪。在事件发生当天，能源类股票的回报率明显为负，事件发生前的 CAAR 为正，事件发生后的 CAAR 为负。动态的市场反应凸显了地区不稳定和潜在的供应链中断给能源公司带来的高度不确定性，强调了地缘政治事件在影响投资者情绪和能源公司财务表现方面的关键作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks

The recent April 2024 Israel-Iran conflict had a notable impact on global energy markets. Returns on the top ten global energy stocks indicate investor apprehension up to 10 days before the event started on April 13, 2024. Energy stocks had significant negative returns on the event day itself, with positive CAARs pre-event and negative CAARs post-event. The dynamic market response highlights the heightened uncertainty for energy firms due to regional instability and potential supply chain interruptions, emphasizing the critical role of geopolitical events in shaping investor sentiment and the financial performance of energy firms.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance