地缘政治风险会影响中国国防行业回报吗?

IF 1.7 Q2 POLITICAL SCIENCE
Yu Wang, Yun Liu
{"title":"地缘政治风险会影响中国国防行业回报吗?","authors":"Yu Wang, Yun Liu","doi":"10.1515/peps-2023-0027","DOIUrl":null,"url":null,"abstract":"Abstract This study utilizes a rolling window Granger test to investigate how global geopolitical tension affects returns in China’s defence sector. The results reveal a highly dynamic and nonlinear relationship between geopolitical risk and the industry’s stock market performance. Notably, our findings suggest that geopolitical risk has recently become a significant predictor of the market return of the defence sector. These results contribute to the existing literature on the impact of geopolitical uncertainties on China’s financial markets and offer new insights into the relationship between international security and the stock market performance of defence contractors. We discuss the implications of this research at the end.","PeriodicalId":44635,"journal":{"name":"Peace Economics Peace Science and Public Policy","volume":null,"pages":null},"PeriodicalIF":1.7000,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Does Geopolitical Risk Influence China’s Defence Sector Returns?\",\"authors\":\"Yu Wang, Yun Liu\",\"doi\":\"10.1515/peps-2023-0027\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract This study utilizes a rolling window Granger test to investigate how global geopolitical tension affects returns in China’s defence sector. The results reveal a highly dynamic and nonlinear relationship between geopolitical risk and the industry’s stock market performance. Notably, our findings suggest that geopolitical risk has recently become a significant predictor of the market return of the defence sector. These results contribute to the existing literature on the impact of geopolitical uncertainties on China’s financial markets and offer new insights into the relationship between international security and the stock market performance of defence contractors. We discuss the implications of this research at the end.\",\"PeriodicalId\":44635,\"journal\":{\"name\":\"Peace Economics Peace Science and Public Policy\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.7000,\"publicationDate\":\"2023-06-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Peace Economics Peace Science and Public Policy\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1515/peps-2023-0027\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"POLITICAL SCIENCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Peace Economics Peace Science and Public Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1515/peps-2023-0027","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 0

摘要

摘要本研究利用滚动窗口格兰杰检验来研究全球地缘政治紧张局势如何影响中国国防部门的回报。研究结果表明,地缘政治风险与该行业股票市场表现之间存在高度动态和非线性的关系。值得注意的是,我们的研究结果表明,地缘政治风险最近已成为国防部门市场回报的重要预测因素。这些结果有助于现有关于地缘政治不确定性对中国金融市场影响的文献,并为国际安全与国防承包商股票市场表现之间的关系提供了新的见解。最后我们讨论了这项研究的意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does Geopolitical Risk Influence China’s Defence Sector Returns?
Abstract This study utilizes a rolling window Granger test to investigate how global geopolitical tension affects returns in China’s defence sector. The results reveal a highly dynamic and nonlinear relationship between geopolitical risk and the industry’s stock market performance. Notably, our findings suggest that geopolitical risk has recently become a significant predictor of the market return of the defence sector. These results contribute to the existing literature on the impact of geopolitical uncertainties on China’s financial markets and offer new insights into the relationship between international security and the stock market performance of defence contractors. We discuss the implications of this research at the end.
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
CiteScore
2.50
自引率
10.00%
发文量
13
期刊介绍: The journal accepts rigorous, non-technical papers especially in research methods in peace science, but also regular papers dealing with all aspects of the peace science field, from pure abstract theory to practical applied research. As a guide to topics: - Arms Control and International Security - Artificial Intelligence and Cognitive Studies - Behavioral Studies - Conflict Analysis and Management - Cooperation, Alliances and Games - Crises and War Studies - Critical Economic Aspects of the Global Crises - Deterrence Theory - Empirical and Historical Studies on the Causes of War - Game, Prospect and Related Theory - Harmony and Conflict - Hierarchy Theory
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信