Pubblicazioni

Autori:

Piserà, Stefano; Chiaramonte, Laura; Paltrinieri, Andrea; Pichler, Flavio

Titolo:

Firm systematic risk after the Russia–Ukraine invasion

Anno:

2024

Tipologia prodotto:

Articolo in Rivista

Tipologia ANVUR:

Articolo su rivista

Lingua:

Inglese

Formato:

Elettronico

Referee:

No

Nome rivista:

FINANCE RESEARCH LETTERS

ISSN Rivista:

1544-6131

N° Volume:

64

Intervallo pagine:

1-6

Parole chiave:

Russia–Ukraine invasion; Systematic risk; Geopolitical risk

Breve descrizione dei contenuti:

We explore the systematic risk effects of the Russia–Ukraine war on European non-financial firms during the period 2021Q1–2022Q4. Using quarterly firm-level data, we find that, after the Russia–Ukraine conflict, European non-financial firms experienced a statistically significant increase of systematic risk (Beta). Moreover, we also find that firms with higher foreign sales reduced their exposure to such unprecedented geopolitical event, showing a statistically significant lower Beta in the aftermath of the announcement of the Russian invasion of Ukraine. Results are robust also using alternative measures of firm risk as well as after running alternative econometric approaches.

Note:

AJG 2

Id prodotto:

142317

Handle IRIS:

11562/1144486

ultima modifica:

27 gennaio 2025

Citazione bibliografica:

Piserà, Stefano; Chiaramonte, Laura; Paltrinieri, Andrea; Pichler, Flavio, Firm systematic risk after the Russia–Ukraine invasion «FINANCE RESEARCH LETTERS» , vol. 64 , 2024 , pp. 1-6

Consulta la scheda completa presente nel repository istituzionale della Ricerca di Ateneo