俄乌军事冲突对我国股票市场收益率的影响——基于石油石化板块的实证研究  

The Impact of the Military Conflict between Russia and Ukraine on the Return of China's Stock Market——Empirical Research Based on Petroleum and Petrochemical Sector

作　　者：刘洋 李思霖 邓子杰 LIU Yang;LI Silin;DENG Zijie(School of Economics and Management,Hubei Univ.of Tech.,Wuhan 430068,China;Business College,JiangNan University,Wuxi 214000,China)

机构地区：[1]湖北工业大学经济与管理学院,湖北武汉430068 [2]江南大学商学院,江苏无锡214000

出　　处：《湖北工业大学学报》2023年第3期46-50,共5页Journal of Hubei University of Technology

摘　　要：在新冠疫情反复、全球范围内突发事件频发的时代背景下,世界各国的不确定性风险显著升高,我国经济也受到了一定程度的冲击,表现在金融市场上加剧了投资者的投资风险。2021年2月爆发的俄乌军事冲突是冷战结束后最重大的地缘政治事件,对全球各国产生了广泛而深远的影响。基于沪深300指数和申万石油石化指数,应用事件分析法研究俄乌军事冲突对国内石油石化行业上市公司股票收益率的影响。分析得出:俄乌军事冲突对我国石油石化行业收益产生了显著的正向影响,但该影响是短期的。通过研究股票市场受俄乌冲突这一突发事件的影响,能够为我国政府部门和投资者在突发事件来临时如何应对提供相应的建议。Under the background of repeated COVID 19 and frequent global emergencies,the uncertainty risk of countries all over the world has increased significantly,and China's economy has also been impacted to a certain extent,which is reflected in the financial market,aggravating the investment risk of investors.The military conflict between Russia and Ukraine that broke out in February 2021 is the most important geopolitical event after the end of the cold war,which has had a wide and far reaching impact on countries around the world.Therefore,based on the CSI 300 index and Shenwan petroleum and petrochemical index,this paper applies the event analysis method to study the impact of Russia Ukraine military conflict on the stock return of Listed Companies in the domestic petroleum and petrochemical industry.The analysis shows that the military conflict between Russia and Ukraine has a significant positive impact on the revenue of China's petroleum and petrochemical industry,but the impact is short term.By studying the impact of the Russian Ukrainian conflict on the stock market,we can provide corresponding suggestions for Chinese government departments and investors on how to deal with emergencies.

关 键 词：俄乌战争 石油石化板块 超额收益率 事件分析法 

分 类 号：F832.5[经济管理—金融学]