Abstract
Aim: To study the impact of the Russia-Ukraine event on the performance of banking sector stocks. Study Designs: The descriptive statistical analysis has been done for six selected banks and is based on the Russia-Ukraine war. Study employs event analysis method for analysis. Place and Duration of Study: The secondary data has been downloaded from the NSE site, and the study duration is pre- and post-90 days from the event day and 120 days for the event window and 210 days for the estimation window has been considered. Methodology: The event analysis method has been used in which a paired t-test has been employed. We have checked significant at a p-value of 0.10 (10% level). Significant at p-value of 0.05 (5% level) Significant at p-value of 0.01 (1% level). Results: By examining a wide range of degrees of relationship between the two variables, we have tried to analyze how financial markets respond to changes in the warlike situation and how conditions impact asset prices. The results show the impact of the event before and after the event date. This analysis fills the gap in understanding event-specific impacts on financial institutions. Conclusion: The study provides insights into whether market behavior remained stable (null hypothesis accepted) or displayed volatility (alternate hypothesis accepted) across 90 days for global crises like the Russia-Ukraine war. The findings of the research have implications for the banking sector of India, policymakers, investors, and researchers. The research provides numerical and non-numerical information that other researchers can employ for cross-study analysis or for verifying theories. Lingering questions from the investors, including those in search of portfolio diversification strategies and the right time to invest. The discovery empowers the firms to have better policies inside and better relations outside, with customers and other stakeholders, such as during the change in monetary policy or in external shocks.
Published Version
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