The DOI matches its Crossref record; 16 of the 16 references it cites were found in a registry or an index.
Country Responses and the Reaction of the Stock Market to COVID-19—a Preliminary Exposition
Open accessAbstract
As the coronavirus pandemic (COVID-19) has amplified so has country responses to it. With COVID-19 taking its toll on humans, as reflected in the number of people infected by, and deaths from, COVID-19, countries responded by locking down economic activity and peoples movement, imposing travel bans, and implementing stimulus packages to cushion the unprecedented slowdown in economic activity and loss of jobs. This article provides a commentary on how the most active financial indicator – namely, the stock price – reacted in real-time to different stages in COVID-19’s evolution. We argue that, as with any unexpected news, markets over-react and as more information becomes available and people understand the ramifications more broadly the market corrects itself. This is our hypothesis which needs robust empirical verification.
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Cites
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Investor Psychology and Security Market Under‐ and Overreactions
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A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets
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Zhang, D., Hu, M., & Ji, Q. (2020) · Finance Research Letters · doi:10.1016/j.frl.2020.101528 · Cited by 2,341
Size, value, and momentum in international stock returns
Fama, E. F., & French, K. R. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2012.05.011 · Cited by 1,767
Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
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Coronavirus (COVID-19) — An epidemic or pandemic for financial markets
Ali, M., Alam, N., & Rizvi, S. A. R. (2020) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2020.100341 · Cited by 715
Do industries lead stock markets?
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COVID-19: Media coverage and financial markets behavior—A sectoral inquiry
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Oil Price News and COVID-19—Is There Any Connection?
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Cited by
COVID-19 and the Oil Price – Stock Market Nexus: Evidence From Net Oil-Importing Countries
Prabheesh, K. P., Padhan, R., & Garg, B. (2020) · Energy RESEARCH LETTERS · doi:10.46557/001c.13745 · Cited by 245
Metadata
- Authors
- Phan, D. H. B., & Narayan, P. K.
- Venue
- Emerging Markets Finance and Trade
- Publisher
- Informa UK Limited
- Published
- 2020-07-25
- Volume
- 56
- Issue
- 10
- Pages
- 2138-2150
- ISSN
- 1061-2009 (ISSN-L)
- 1540-496X
- 1558-0938
- OpenAlex
- W3044930419
- Cited by
- 650
- References
- 16
- FWCI
- 113.08
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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