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

被引:15
|
作者
Tajaddini, Reza [1 ]
Gholipour, Hassan F. [2 ]
机构
[1] Swinburne Univ Technol, Sch Business Law & Entrepreneurship, Melbourne, Australia
[2] Western Sydney Univ, Sch Business, Sydney, Australia
关键词
conflicts; financial markets; Russia; trade; Ukraine; war; INTEGRATION;
D O I
10.1111/irfi.12414
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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.
引用
收藏
页码:680 / 691
页数:12
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