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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 COVID-19 pandemic in 2019, the instability of the world has continued to increase. The Russia-Ukraine conflict that broke out in 2022 and the situation in the Middle East 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 superstructure reflects and interacts with the economic base, this paper selects the four major events of the situation in the Middle East, 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

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

References

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