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The Relationship between the International Situation and the Share Prices of Companies Related to the Shipping Industry

Author(s)

Fankun Zeng*

Affiliation(s)

School of Finance, Macau University of Science and Technology, Macao, 999078, China *Corresponding Author

Abstract

Since the outbreak of the novel coronavirus pneumonia in 2019, the instability of the world has continued to increase. The Russia-Ukraine conflict that broke out in 2022 and the Palestinian-Israeli conflict that broke out in 2023 have all dealt a huge blow to the business of companies related to the shipping and aviation industry, and the stock price is a barometer that can reflect the business situation, and the fluctuations in the stock price often indicate changes in the company's business activities. At the macroeconomic level, changes and implementation of government economic policies often affect the business activities of related companies, which ultimately affect the company's stock price. Based on the thesis that the superstructure in Marxist philosophy will react to the economic foundation, this paper selects the four major events of the Russia-Ukraine conflict, the new crown epidemic, and the U.S. election, and uses the multi-case analysis method to analyze the changes in the business activities of related companies in China, the United States and the European Union, and finally analyzes their stock price changes. to explore the correlation analysis of international events on the stock price changes of related companies.

Keywords

International Events; Shipping Company; Stock Prices; Correlation Analysis; Multi-Case Analysis

References

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