Stock liquidity during COVID-19 crisis: A cross-country analysis of developed and emerging economies, and economic policy uncertainty

被引：11

作者：

Al Farooque, Omar ^{[1
]}

Baghdadi, Ghasan ^{[2
]}

Trinh, Hai Hong ^{[3
]}

Khandaker, Sarod ^{[4
]}

机构：

[1] Univ New England, UNE Business Sch, Armidale, NSW, Australia

[2] La Trobe Univ, La Trobe Business Sch, Melbourne, Vic, Australia

[3] Massey Univ, Sch Econ & Finance, Palmerston North, New Zealand

[4] Swinburne Univ Technol, Swinburne Business Sch, Hawthorn, Vic, Australia

来源：

EMERGING MARKETS REVIEW | 2023年 / 55卷

关键词：

COVID-19; Stock liquidity; Developed and emerging economies; Economic policy uncertainty; Small and large firms; MARKET LIQUIDITY;

D O I：

10.1016/j.ememar.2023.101025

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate the impact of the COVID-19 on firms' stock liquidity across six developed and emerging economies. Unlike prior literature, we further compare the effects of the pandemic between developed and emerging economies, high and low economic policy uncertainty (EPU), and large and small firms. Our results document the significant negative impact of infection cases and deaths on firms' stock liquidity across the sample countries, and the similar effect of their interaction term. We find that the impact is more pronounced in the developed economies, high EPU and small firms, compared to emerging economies, low EPU and large firms, respectively.

引用

页数：17

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