COVID-19 pandemic and stock market performance: A comparative study of emerging economies

被引：11

作者：

Insaidoo, Michael ^{[1
]}

Ullah, Assad ^{[2
]}

Dziwornu, Raymond K. ^{[1
]}

Amoako, Samuel ^{[3
]}

Abdul-Mumuni, Abdallah ^{[1
]}

机构：

[1] Univ Profess Studies, Dept Banking & Finance, Accra, Ghana

[2] Hainan Normal Univ, Sch Econ & Management, Haikou, Peoples R China

[3] SD Dombo Univ Business & Integrated Dev Studies, Dept Banking & Finance, Wa, Ghana

来源：

HELIYON | 2023年 / 9卷 / 05期

关键词：

COVID-19; Stock market; Emerging economies; Quantile-on-Quantile regression model; NATURAL DISASTERS; IMPACT; PRICES;

D O I：

10.1016/j.heliyon.2023.e16054

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

The paper investigates the co-movement of COVID-19 pandemic and performance of stock markets of four emerging economies. The Quantile-on-Quantile regression model was applied to daily share prices of stock markets from March 13, 2020 to November 30, 2021 in these econ-omies. The results indicate varied relationships across various quantiles of COVID-19 cases and share prices. Whilst both positive and negative relationships are established at different quantiles of share prices for Brazil and Kenya, negative co-movements are recorded for India and South Africa for all quantiles of share prices. The varying dependence between COVID-19 and stock markets provide critical insights to policy makers.

引用

页数：13

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