Hoffmann, Manuel; Neuenkirch, Matthias - Fach Volkswirtschaftslehre, Universität Trier - 2015
We analyze the impact of the pro-Russian conflict on stock returns in Russia and the Ukraine during the period November 21, 2013 to September 29, 2014. We utilize a newly created indicator for the degree of (de-)escalation based on an Internet search for conflict-related news. We find that...