Navigating Trade Policy Shocks: The Stabilizing Effect of Tariff Policy on Global Utilities' Market Reactions
This study investigates how global stock markets respond to the announcement of tariff postponement on April 9, 2025, with a particular focus on the utilities sector. Using a sample of 367 utilities firms across 44 countries, the study employs an event study approach to examine cumulative abnormal returns (CARs) over...