ArticleResearch in international business and finance2021
The recovery of global stock markets indices after impacts due to pandemics.
Article in Research in international business and finance, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 7 papers.
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
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Who cites it
7 citing papers in PubMed.
- US biopharmaceutical companies' stock market reaction to the COVID-19 pandemic. Understanding the concept of the 'paradoxical spiral' from a sustainability perspective.Technological forecasting and social change · 2022Article
- Stock market volatility and the COVID-19 reproductive number.Research in international business and finance · 2022Article
- The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets.Research in international business and finance · 2022Article
- The Impact of the COVID-19 Pandemic on the Unpredictable Dynamics of the Cryptocurrency Market.Entropy (Basel, Switzerland) · 2021Article
- Fractional and fractal processes applied to cryptocurrencies price series.Journal of advanced research · 2021Article
- Stock market reaction to COVID-19: Evidence from U.S. Firms' International exposure.International review of financial analysis · 2021Article
- Coronavirus disease outbreak and supply chain disruption: Evidence from Taiwanese firms in China.Research in international business and finance · 2021Article
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Authors and funding
3 authors.
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Abstract
The COVID-19 brings back the debate about the impact of disease outbreaks in economies and financial markets. The error correction terms (ECT) and cointegration processing tools have been applied in studies for identifying possible transmission mechanisms between distinct time series. This paper adopts the vector error correction model (VECM) to investigate the dynamic coupling between the pandemics (e.g., the COVID-19, EBOLA, MERS and SARS) and the evolution of key stocks exchange indices (e.g., Dow-Jones, S&P 500, EuroStoxx, DAX, CAC, Nikkei, HSI, Kospi, S&P ASX, Nifty and Ibov). The results show that the shocks caused by the diseases significantly affected the markets. Nonetheless, except for the COVID-19, the stock exchange indices reveal a sustained and fast recovering when an identical length time window of 79 days is analyzed. In addition, our findings contribute to point a higher volatility for all financial indices during the COVID-19, a strong impact over the Ibov-Brazil and its poor recover when compared to the other indices.
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