The Reaction of G20+ Stock Markets to the Russia-Ukraine Conflict ‘Black-Swan’ Event: Evidence From Event Study Approach

Yousaf, Imran; Patel, Ritesh; Yarovaya, Larisa

doi:10.2139/ssrn.4069555

Cited by 44 publications

(59 citation statements)

References 21 publications

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“…Hence, the reform of these institutions has become an important battle cry for several political parties around the globe. Moreover, the COVID pandemic has added to concerns about the effectiveness and transparency of some of these institutions, leading some to suggest that they should be abandoned or reformed (Yousaf, Patel and Yarovaya, 2022;Zahra, 2021). Thus, when we consider the ill effects of these attacks on international institutions and their recent mobilization by the US and allies, it is natural to wonder what will become of these institutions.…”

Section: Competing Scenarios?mentioning

confidence: 99%

Institutional Change and International Entrepreneurship after the War in Ukraine

Zahra

2022

British J of Management

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Section: Competing Scenarios?mentioning

confidence: 99%

Institutional Change and International Entrepreneurship after the War in Ukraine

Zahra

2022

British J of Management

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“…High returns continue to attract investors and retain their loyalty, as shown by the impact of Russia-Ukraine war on global markets. World financial markets experienced a 10% decline, while oil-rich countries such as the USA and Canada retained positive performances (Yousaf et al, 2022). Despite Saudi Arabia supplying 12% of world crude oil (Ahmad, 2022), it experienced up to -1.9% financial market losses (Yousaf et al, 2022), demonstrating its volatility to extensive dependence on crude oil.…”

Section: Literature Reviewmentioning

confidence: 99%

“…World financial markets experienced a 10% decline, while oil-rich countries such as the USA and Canada retained positive performances (Yousaf et al, 2022). Despite Saudi Arabia supplying 12% of world crude oil (Ahmad, 2022), it experienced up to -1.9% financial market losses (Yousaf et al, 2022), demonstrating its volatility to extensive dependence on crude oil. The increased demand for Saudi Arabia's oil resulted in higher prices, thereby retaining the commitment of external investors to the financial market.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Following the Russia-Ukraine war, oil prices almost doubled, but this trend was not reflected in Saudi Arabian financial markets. Instead, the country experienced a decline, demonstrating its volatility and economic shift from dependence on oil (Yousaf et al, 2022). The shift reflects Saudi Arabia 2030 vision of diversifying its economy to include other ventures besides oil exploration.…”

Section: Introductionmentioning

confidence: 99%

“…Thus, decision making in Saudi Arabia is further complicated by a shift in economic factors and risks. The 1.9% decline following the Russia-Ukraine war is partly attributed to Saudi Arabian investment in other industries with profits from the oil industry (Yousaf et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

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Do oil prices and oil production capacity influence decision making and uncertainty in the financial market? Evidence from Saudi Arabia

Alsmadi

Alrawashdeh

Al-Gasaymeh

et al. 2022

Investment Management and Financial Innovations

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The aim of this study is to investigate the relationship between oil prices and oil production capacity and financial market performance in the Kingdom of Saudi Arabia and how oil prices and oil production capacity influence the decision making and uncertainty factors in Saudi Arabia’s financial markets. The key variables considered are oil prices and oil production capacity in the Kingdom of Saudi Arabia. Other variables such as foreign direct investment decisions and domestic investment decisions are adopted to explore their impact and reaction to the various risks identified. Therefore, data was collected from online sources to analyze qualitative and quantitative information to understand risks, uncertainties and decision-making considerations. The findings of this paper indicate that rising oil prices increase the value of the Saudi Arabian financial market. The study showed that the diversification of the investor portfolio increases the stability of Saudi Arabia’s financial market. Also, the KSA’s financial market volatility primarily reflects oil price fluctuations, and the Saudi Arabian oil production capacity directly affects its financial market performance. Saudi Arabia’s oil production was also found to pose insignificant risk to long-term economic growth and stability, thereby putting investors’ long-term investments at risk. The study also showed that investors in Saudi Arabia’s financial market fail to objectively analyze risks by focusing on short-term high-profit margins from oil prices. AcknowledgmentAll authors have contributed equally to this paper.

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The Analysis and Visualization of CEE Stock Markets Reaction to Russia’s Invasion of Ukraine by Event Study Approach

Kaminskyi

Nehrey

2023

Lecture Notes on Data Engineering and Communications Technologies

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The Reaction of G20+ Stock Markets to the Russia-Ukraine Conflict ‘Black-Swan’ Event: Evidence From Event Study Approach

Cited by 44 publications

References 21 publications

Institutional Change and International Entrepreneurship after the War in Ukraine

Institutional Change and International Entrepreneurship after the War in Ukraine

Do oil prices and oil production capacity influence decision making and uncertainty in the financial market? Evidence from Saudi Arabia

The Analysis and Visualization of CEE Stock Markets Reaction to Russia’s Invasion of Ukraine by Event Study Approach

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