The Impact of the Russian-Ukrainian Crisis on the Nordic Healthcare Equities
Journal: Theseus (Ammattikorkeakoulujen)
Year: 2025

The impact of geopolitical crises on financial markets has always been relevant in investment analysis, and the case of the Russian-Ukrainian crisis is not an exception. Using a combination of short- and long-horizon event-study methods and GARCH-based volatility modelling, the reaction of a portfolio of se-lected Nordic healthcare-related firms and a Nordic healthcare sector index to the crisis was analyzed. Additionally, their performance was compared with more cyclical sectors, such as financ