Does war spread the herding effect in stock markets? Evidence from emerging and developed markets during the Russia-Ukraine war
Blasco, Natividad (Universidad de Zaragoza) ; Casas, Luis (Universidad de Zaragoza) ; Ferreruela, Sandra (Universidad de Zaragoza)
Resumen: This paper investigates the influence of the Russia-Ukraine conflict on herding behavior in global stock markets. Examining MSCI World and MSCI Emerging indexes alongside Russia, the study explores imitation tendencies before the invasion, immediately after commencement of war, and during an extended war period. Findings reveal that emerging markets facing heightened geopolitical risk, either due to their proximity to the conflict or to commercial interests in energy markets, exhibit herding during the initial war phase. This analysis sheds light on the impact of geopolitical events on financial market dynamics, particularly in emerging economies.
Idioma: Inglés
DOI: 10.1016/j.frl.2024.105365
Año: 2024
Publicado en: Finance Research Letters 63 (2024), 105365 [7 pp.]
ISSN: 1544-6123
Financiación: info:eu-repo/grantAgreement/ES/AEI/PID2022-136818NB-I00
Financiación: info:eu-repo/grantAgreement/ES/DGA/S11-23R-CEMBE
Tipo y forma: Article (Published version)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes.
Exportado de SIDERAL (2024-09-12-13:15:39)
Visitas y descargas
Idioma: Inglés
DOI: 10.1016/j.frl.2024.105365
Año: 2024
Publicado en: Finance Research Letters 63 (2024), 105365 [7 pp.]
ISSN: 1544-6123
Financiación: info:eu-repo/grantAgreement/ES/AEI/PID2022-136818NB-I00
Financiación: info:eu-repo/grantAgreement/ES/DGA/S11-23R-CEMBE
Tipo y forma: Article (Published version)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. Exportado de SIDERAL (2024-09-12-13:15:39)
Permalink:
Visitas y descargas
Este artículo se encuentra en las siguientes colecciones:
Articles > Artículos por área > Economía Financiera y Contabilidad
Record created 2024-04-12, last modified 2024-09-12