The effects of daily growth in COVID-19 deaths, cases, and governments' response policies on stock markets of emerging economies
Yazarlar (4)
Dr. Öğr. Üyesi Murat Güven Sakarya University, Türkiye
Dr. Öğr. Üyesi Başak ÇETİNGÜÇ Yalova Üniversitesi, Türkiye
Prof. Dr. Fethi Çalışır Istanbul Technical University, Türkiye
Prof. Dr. Bülent Güloğlu Istanbul Technical University, Türkiye
Makale Türü Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı Research in International Business and Finance (Q1)
Dergi ISSN 0275-5319 Dergi Bilgileri (2022)
Dergi Tarandığı Indeksler SSCI
Makale Dili İngilizce Basım Tarihi 04-2022
Kabul Tarihi – Yayınlanma Tarihi 01-10-2022
Cilt / Sayı / Sayfa 61 / 1 / – DOI 10.1016/j.ribaf.2022.101659
Makale Linki https://doi.org/10.1016/j.ribaf.2022.101659
UAK Araştırma Alanları
Teknoloji ve Yenilik Yönetimi
Özet
Since the beginning of COVID-19, human beings have been threatened by various aspects. As of February 14, 2022, this global pandemic has caused about 412 million cases and 5.8 million deaths worldwide. Stock markets are one of the most agile economic indicators. In this context, this study investigates how daily growth in deaths, daily growth in cases, and governmental interventions affect stock market returns in 21 emerging economies from January 22 to December 31, 2020. Our results indicate that government response policies to Covid-19 positively impact stock returns. Besides, the daily growths in deaths and cases negatively affect stock market returns. The results also indicate that government response policies also have an indirect positive effect on stock market returns by weakening the negative impact of the daily growth in COVID-19 confirmed cases and deaths.
Anahtar Kelimeler
COVID-19 | Emerging economies | Government response