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Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks

Mohammad Abedin Orcid Logo, Michael A. Goldstein Orcid Logo, Nidhi Malhotra Orcid Logo, Miklesh Prasad Yadav

Finance Research Letters, Volume: 69, Start page: 106009

Swansea University Author: Mohammad Abedin Orcid Logo

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DOI (Published version): 10.1016/j.frl.2024.106009

Abstract

The recent April 2024 Israel-Iran conflict had a notable impact on global energy markets. Returns on the top ten global energy stocks indicate investor apprehension up to 10 days before the event started on April 13, 2024. Energy stocks had significant negative returns on the event day itself, with...

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Published in: Finance Research Letters
ISSN: 1544-6123
Published: Elsevier BV 2024
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URI: https://cronfa.swan.ac.uk/Record/cronfa67533
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first_indexed 2024-09-02T14:43:40Z
last_indexed 2024-09-02T14:43:40Z
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spelling v2 67533 2024-09-02 Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks 4ed8c020eae0c9bec4f5d9495d86d415 0000-0002-4688-0619 Mohammad Abedin Mohammad Abedin true false 2024-09-02 CBAE The recent April 2024 Israel-Iran conflict had a notable impact on global energy markets. Returns on the top ten global energy stocks indicate investor apprehension up to 10 days before the event started on April 13, 2024. Energy stocks had significant negative returns on the event day itself, with positive CAARs pre-event and negative CAARs post-event. The dynamic market response highlights the heightened uncertainty for energy firms due to regional instability and potential supply chain interruptions, emphasizing the critical role of geopolitical events in shaping investor sentiment and the financial performance of energy firms. Journal Article Finance Research Letters 69 106009 Elsevier BV 1544-6123 Israel-Iran conflict, global energy markets, pre and post-event, abnormal return 1 11 2024 2024-11-01 10.1016/j.frl.2024.106009 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2024-10-28T15:03:29.1457204 2024-09-02T15:41:48.0669779 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Mohammad Abedin 0000-0002-4688-0619 1 Michael A. Goldstein 0000-0001-9044-9431 2 Nidhi Malhotra 0000-0002-1587-0637 3 Miklesh Prasad Yadav 4 67533__32755__56df3eb3a5b2437dba70d1a846e2ac99.pdf 67533.VoR.pdf 2024-10-28T15:01:48.0507916 Output 1947329 application/pdf Version of Record true © 2024 The Authors. This is an open access article under the CC BY license. true eng http://creativecommons.org/licenses/by/4.0/
title Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
spellingShingle Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
Mohammad Abedin
title_short Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
title_full Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
title_fullStr Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
title_full_unstemmed Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
title_sort Middle East conflict and energy companies: The effect of air and drone strikes on global energy stocks
author_id_str_mv 4ed8c020eae0c9bec4f5d9495d86d415
author_id_fullname_str_mv 4ed8c020eae0c9bec4f5d9495d86d415_***_Mohammad Abedin
author Mohammad Abedin
author2 Mohammad Abedin
Michael A. Goldstein
Nidhi Malhotra
Miklesh Prasad Yadav
format Journal article
container_title Finance Research Letters
container_volume 69
container_start_page 106009
publishDate 2024
institution Swansea University
issn 1544-6123
doi_str_mv 10.1016/j.frl.2024.106009
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description The recent April 2024 Israel-Iran conflict had a notable impact on global energy markets. Returns on the top ten global energy stocks indicate investor apprehension up to 10 days before the event started on April 13, 2024. Energy stocks had significant negative returns on the event day itself, with positive CAARs pre-event and negative CAARs post-event. The dynamic market response highlights the heightened uncertainty for energy firms due to regional instability and potential supply chain interruptions, emphasizing the critical role of geopolitical events in shaping investor sentiment and the financial performance of energy firms.
published_date 2024-11-01T15:03:27Z
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score 11.036684

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