RT Journal Article
T1 The impact of war in Ukraine on market and credit risk: a case study of EuroStoxx companies
A1 Téllez Valle, Cecilia
A1 Martín García, Margarita
A1 Martín Marín, José Luis
K1 Market risk
K1 Credit risk
K1 Event study
AB In this article we explore the impact of the beginning of the war between Ukraine and Russia on both, the market and credit risk, of large European companies to find out which were more sensitive and if the reactions varied by sector. We sampled from companies included in the EuroStoxx 600 index and those whose CDS can be found in the iTraxx Europe index. Then we applied event study methodology. The results indicate that the impact on risk is important, with banking as one of the industries most negatively affected or some energy companies as positively affected. It is also shown that in most market risk cases, the levels of CAR are negative and in all credit risk cases the CAR are positive.
PB Wiley
YR 2025
FD 2025-09
LK https://hdl.handle.net/10433/24743
UL https://hdl.handle.net/10433/24743
LA en
NO Téllez Valle, C., Martín García, M., & Martín Marín, J. L. (2026). The impact of war in Ukraine on market and credit risk: A case study of EuroStoxx companies. Review of Financial Economics, 44, p.1-26, e70028. https://doi.org/10.1002/rfe.70028
NO Departamento de Economía Financiera y Contabilidad
DS RIO
RD Apr 23, 2026