DID COVID-19 CHALLENGE THE VOLATILITY OF THE SUSTAINABLE STOCK MARKET? AN EXAMINATION OF ASIAN MARKET

被引：0

作者：

Darsono, Susilo Nur Aji Cokro ^{[1
]}

Le-Dinh, Thang ^{[2
]}

Than, Nguyen Trong ^{[3
]}

Nguyen, Tran Thai Ha ^{[4
]}

Wong, Wing Keung ^{[5
,6
,7
]}

Ou, Jenho Peter ^{[8
]}

机构：

[1] Univ Muhammadiyah Yogyakarta, Fac Econ & Business, Dept Econ, Yogyakarta, Indonesia

[2] FPT Univ, Dept Math, Ho Chi Minh City, Vietnam

[3] Acad Finance, Fac Grad Studies, Hanoi, Vietnam

[4] Van Lang Univ, Fac Finance & Banking, Ho Chi Minh City, Vietnam

[5] Asia Univ, Fintech Ctr, Dept Finance, Taichung, Taiwan

[6] China Med Univ Hosp, Dept Med Res, Taichung, Taiwan

[7] Hang Seng Univ Hong Kong, Dept Econ & Finance, Hong Kong, Peoples R China

[8] Asia Univ, Coll Management, Dept Finance, Taichung, Taiwan

来源：

JOURNAL OF EASTERN EUROPEAN AND CENTRAL ASIAN RESEARCH | 2023年 / 10卷 / 07期

关键词：

sustainable stock market; COVID-19; pandemic; Feasible Generalized Least Square (FGLS); stock market lolatility; Asian market; IMPACT; US;

D O I：

10.15549/jeecar.v10i7.1343

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The coronavirus outbreak at the end of 2019 hit many aspects of the financial sector, especially the stock market. This research examines the impacts of the COVID-19 pandemic, exchange rates, gold price, and the Brent oil price on the volatility of the Sustainable Stock Market in Asia. A quantitative research method is applied using average monthly panel data from March 2020 to April 2022, covering the COVID-19 pandemic period. We employed panel regressions and applied Feasible Generalized Least Square (FGLS) in the analysis, which also serves as a robustness check. This study contributes to the literature by examining the variables significantly impacting sustainable investing, particularly in the sustainable stock market. Empirical results find that COVID-19, gold price and the exchange rate have negatively affected sustainable stock market volatility, while the Brent oil price has a positive impact on the volatility of the sustainable stock market. This study's recommendations infer that both investors and managers should consider the increase of COVID-19 cases and frequency-varying exchange rates to the USD on the Asian sustainable stock market volatility.

引用

页码：989 / 1005

页数：17