ArticleResearch in international business and finance2021
COVID-19, government interventions and emerging capital markets performance.
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.
What it found
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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.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Who cites it
7 citing papers in PubMed.
- COVID-19 Government restriction policy, COVID-19 vaccination and stock markets: Evidence from a global perspective.Finance research letters · 2023Article
- COVID-19 and finance scholarship: A systematic and bibliometric analysis.International review of financial analysis · 2023Article
- The impact of the COVID-19 outbreak on Japanese shipping industry: An event study approach.Transport policy · 2023Article
- The sum of all SCARES COVID-19 sentiment and asset return.The Quarterly review of economics and finance : journal of the Midwest Economics Association · 2022Article
- Appeal of word of mouth: Influences of public opinions and sentiment on ports in corporate choice of import and export trade in the post-COVID-19 era.Ocean & coastal management · 2022Article
- The dark side of globalization: Evidence from the impact of COVID-19 on multinational companies.Journal of international business studies · 2022Article
- How Air Quality Affect Health Industry Stock Returns: New Evidence From the Quantile-on-Quantile Regression.Frontiers in public health · 2021Article
Corrections and comments
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Authors and funding
2 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
In this study, we explore the impact of government intervention to contain the spread of COVID-19 in emerging countries on the performance of their leading stock indices. We retrieved data on the performance of 25 international capital market indices included in the MSCI Emerging Markets Index and data about the closures, economic, and health measures imposed in each country examined. Overall, our findings show that government restrictions are associated with negative market returns, possibly due to the anticipated adverse effect to the economy. The adverse effect is more evident when closures are imposed. The market response to economic stimulus is mild but varies depending on the type of intervention imposed, much as with the health measures. Public campaigns may raise public awareness about COVID-19, but they can also increase the public's fear of the pandemic, reflected in the negative response in capital markets. The results are essential for understanding the trends and fluctuations in emerging markets during this current crisis and for preparing for crises in the future.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.