Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

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The Impact of the Global Grain Problem Caused by the Russia-Ukraine Conflict on Chinese Grain Market

Authors
Yumeng Jiang1, *, Fengyi Sun2, Xinping Hu3, Yuchen Lu4
1School of Management, Lanzhou University, Lanzhou, 730106, China
2College of Business and Economics, The Australian National University, Canberra, Australia
3Management School, University of Liverpool, Liverpool, L69 7ZX, UK
4Beijing Royal School, Beijing, 102209, China
*Corresponding author. Email: xiaosuiyunyyds@gmail.com
Corresponding Author
Yumeng Jiang
Available Online 15 May 2023.
DOI
10.2991/978-94-6463-142-5_71How to use a DOI?
Keywords
Russia-Ukraine Conflict; Grain Futures; Stocks; Empirical Analysis; Hypothesis Testing; Linear Regression
Abstract

This paper examines the impact on the Chinese grain market of the global food problem caused by the Russian-Ukrainian conflict. It is conducted in two main aspects. First, the Russia-Ukraine conflict was found to have caused a global food problem. In turn, the impact of Chinese food was examined. Hypothesis testing was used to explain the impact on the Chinese grain market. It was found that after the Russia-Ukraine conflict, grain futures prices in China increased significantly compared to the pre-conflict period. Then, the regression model is applied to examine changes in the grain stocks of leading Chinese companies in the context of the grain futures that have been studied. In turn, the impact of global food issues on the stock prices of grain companies in the Chinese stock market is explained. It is then found that the AAR and CAAR data are obtained by averaging the AR and CAR data for the eight companies. Therefore, it can be concluded that the Russian-Ukrainian conflict started to have an impact on the entire Chinese grain market ten days after it occurred and that it also had a different effect on the leading Chinese grain companies.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
10.2991/978-94-6463-142-5_71
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_71How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yumeng Jiang
AU  - Fengyi Sun
AU  - Xinping Hu
AU  - Yuchen Lu
PY  - 2023
DA  - 2023/05/15
TI  - The Impact of the Global Grain Problem Caused by the Russia-Ukraine Conflict on Chinese Grain Market
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 639
EP  - 649
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_71
DO  - 10.2991/978-94-6463-142-5_71
ID  - Jiang2023
ER  -