Trade dependence and stock market reaction to the <scp>Russia‐Ukraine</scp> war-Reference-Cited by-同舟云学术

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

Published:2023-03-07 Issue:3 Volume:23 Page:680-691
ISSN:1369-412X
Container-title:International Review of Finance
language:en
Short-container-title:Int Rev Finance

Author:

Tajaddini Reza¹^ORCID,Gholipour Hassan F.²^ORCID

Affiliation:

1. School of Business, Law, and Entrepreneurship Swinburne University of Technology Melbourne Australia

2. School of Business Western Sydney University Sydney Australia

Abstract

AbstractUsing 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.

Publisher

Wiley

Subject

Economics and Econometrics,Finance

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/irfi.12414

Reference23 articles.

1. A spatial analysis of international stock market linkages

2. Heterogeneous impacts of wars on global equity markets: Evidence from the invasion of Ukraine

3. The impact of the Ukraine–Russia war on world stock market returns

4. Financial integration, economic instability and trade structure in emerging markets

5. World War II events and the Dow Jones industrial index

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