Evaluation of the Nordic stock markets amidst the Russia- Ukraine war
Jaatinen, Teemu Mikael (2023)
Jaatinen, Teemu Mikael
2023
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2023051611201
https://urn.fi/URN:NBN:fi:amk-2023051611201
Tiivistelmä
The stock markets work as a public trading place for companies; however, it can be disrupted by global conflicts. These global conflicts can cause a significant impact on marketplaces especially smaller ones. This
raises questions about the effects of global conflicts such as the war on smaller markets such as the Nordic
region. Through these questions the impacts about the Russia-Ukraine war on Nordic stock markets and
whether its effects differ from country to country were studied.
The goal was to define Nordic stock market performance amidst the Russia- Ukraine war and to find out
which Nordic countries and chosen indexes suffered the biggest losses. Research implementation was
quantitative.
Secondary quantitative data from 13 different Nordic stock market indexes were gathered from the
NASDAQ OMX Nordic database. The indexes included general indexes and sector-specific indexes, which
were analyzed using descriptive and correlational statistics with the IBM Statistics Software PSS. An overview of the data was obtained through descriptive statistics, and the relationships between the variables
were demonstrated through correlation analysis. The chosen methods and carefully selected research
methodology allowed for hypotheses testing and research questions to be answered in the study.
The empirical findings showed that the impact of the findings had a slightly larger effect on the Finnish
OMX indexes compared to the other indexes. The results also showed that the direction and correlation
were stronger in retail and technology. In conclusion, the research problems, questions, and hypotheses
were answered. However, due to the topic being complex only directional answers were given, and for definitive answers further research is required.
raises questions about the effects of global conflicts such as the war on smaller markets such as the Nordic
region. Through these questions the impacts about the Russia-Ukraine war on Nordic stock markets and
whether its effects differ from country to country were studied.
The goal was to define Nordic stock market performance amidst the Russia- Ukraine war and to find out
which Nordic countries and chosen indexes suffered the biggest losses. Research implementation was
quantitative.
Secondary quantitative data from 13 different Nordic stock market indexes were gathered from the
NASDAQ OMX Nordic database. The indexes included general indexes and sector-specific indexes, which
were analyzed using descriptive and correlational statistics with the IBM Statistics Software PSS. An overview of the data was obtained through descriptive statistics, and the relationships between the variables
were demonstrated through correlation analysis. The chosen methods and carefully selected research
methodology allowed for hypotheses testing and research questions to be answered in the study.
The empirical findings showed that the impact of the findings had a slightly larger effect on the Finnish
OMX indexes compared to the other indexes. The results also showed that the direction and correlation
were stronger in retail and technology. In conclusion, the research problems, questions, and hypotheses
were answered. However, due to the topic being complex only directional answers were given, and for definitive answers further research is required.