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Performance of the Chinese energy market in times of Russian military interventions

Author

Listed:
  • Tapia, Pablo
  • Pastén, Boris
  • Sepulveda Velasquez, Jorge

Abstract

China is the world’s largest importer and Russia one of its main exporters, particularly of energy. Consequently, foreign military activities by Russia could influence the performance of China’s energy market. The research objective is to present evidence on the effects of the 2002-2022 Russian military interventions on the returns of the Chinese energy market. Using event study methodology, we found evidence that Russian military intervention announcements had positive and negative effects on these returns. These findings suggest that the effect of these interventions could be related to the level of acceptance of each intervention and relationship between China and Russia.

Suggested Citation

  • Tapia, Pablo & Pastén, Boris & Sepulveda Velasquez, Jorge, 2022. "Performance of the Chinese energy market in times of Russian military interventions," MPRA Paper 112747, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:112747
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    File URL: https://mpra.ub.uni-muenchen.de/112747/1/MPRA_paper_112747.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    China; energy markets; war; market efficiency; event study;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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