| dc.description.abstract | This master's thesis examines how Norway's stock market volatility is affected by the
continuing invasion of Ukraine. Our study attempts to offer useful insights for investing
strategies and decision-making by investigating the relationship between investor attention and
market dynamics during times of international war. We examine weekly changes in stock
returns using data from the financial markets, and we applied an abnormal search volume index
based on the volume of searches for the term "Ukraina" in Google. The research adds to the
body of knowledge, advances our knowledge of how geopolitical crises can impact financial
markets, and has applications for investors, analysts, scholars and the general public. This study
emphasizes the significance of considering geopolitical issues when analysing market risks and
provides methods for mitigating investments in uncertain times. We aim to provide a framework
for evaluating the effects of geopolitical events on financial markets, aiding stakeholders in
navigating risks associated with geopolitical tensions. We can conclude that there is a
correlation between stock returns for the 20 largest companies on the Oslo Stock Exchange and
Google search results for the word Ukraine. Therefore, Google Trends search volume may be
used as a proxy to determine stock returns in times of geopolitical conflict. | |
