Comprehensive analysis of global stock market reactions to the Russia-Ukraine war

Since the explosion of the Russia-Ukraine war, the global stock markets have experienced considerable oscillation. Using data for 86 countries, this paper provides a comprehensive analysis to identify the roles of geopolitical, economic, institutional, humanitarian, industrial, and firm-related factors in explaining the heterogeneous abnormal returns for listed firms around the explosion of the war.

Automated summary

This paper provides a comprehensive analysis using data from 86 countries to identify the roles of various factors, such as geopolitics, economy, institutions, humanitarian issues, industry, and firms, in explaining the heterogeneous abnormal returns for listed firms around the explosion of the Russia-Ukraine war.