DOI - Mendel University Press

DOI identifiers

DOI: 10.11118/978-80-7701-042-9-0124

CHANGES IN SYSTEMATIC RISK AND THEIR IMPACT ON THE VALUE OF CENTRAL AND EASTERN EUROPEAN PUBLIC STOCKS IN THE AFTERMATH OF THE RUSSIAN-UKRAINIAN WAR

Tivadar Zakár1, László Pataki1, Tibor Tatay2
1 John von Neumann University, Izsáki 10, Kecskemét, Hungary
2 Széchenyi István University, Egyetem tér 1. ,Győr, Hungary

In conclusion, the Russian-Ukrainian war significantly impacted the valuation of CEE publicly traded companies, with proximity to the conflict, energy dependence, and market risks collectively contributing to value depreciation, increased capital costs, and heightened default risks. These effects, while initially severe, demonstrated varying durations across countries, highlighting the complex interplay between geopolitical events and financial markets.

Keywords: systematic risk, Central and Eastern Europe, stock valuation, geopolitical tensions, Russian-Ukrainian war

pages: 124-125, online: 2025



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