Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/330774 
Erscheinungsjahr: 
2025
Quellenangabe: 
[Journal:] Review of World Economics [ISSN:] 1610-2886 [Volume:] 161 [Issue:] 4 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2025 [Pages:] 1637-1660
Verlag: 
Springer, Berlin, Heidelberg
Zusammenfassung: 
This paper investigates how firms' international linkages to Russia and Ukraine affected investors' expectations following the escalation of the Russian–Ukrainian war. For this, we perform an event study around the Russian invasion of Ukraine on February 24, 2022, finding that firms with significant trade activity with Russia experienced a substantial reduction in cumulative returns. The effect on cumulative returns is especially pronounced for firms that are dependent on Russian commodities. The overall impact on the aggregate stock market performance of third countries was on average 1.5 percentage points. The highest losses were borne by European countries.
Schlagwörter: 
Russia–Ukraine war
Trade linkages
Multinationals
Stock market
Event study
JEL: 
F15
F23
F51
G14
G15
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Article
Dokumentversion: 
Published Version

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.