Uddin, Moshfique, Chowdhury, Anup, Anderson, Keith Philip orcid.org/0000-0002-6557-422X et al. (1 more author) (2021) The Effect of COVID – 19 Pandemic on Global Stock Market Volatility:Can Economic Strength Help to Manage the Uncertainty? JOURNAL OF BUSINESS RESEARCH. pp. 31-44. ISSN 0148-2963
Abstract
Stock markets across the world have exhibited varying degrees of stock market volatility following the recent COVID-19 pandemic. We have examined the effect of this pandemic on stock market volatility and whether economic strength, measured by a set of selected country-level economic characteristics and factors such as economic resilience, intensity of capitalism, level of corporate governance, financial development, monetary policy rate and quality of health system, can potentially mitigate the possible detrimental effect of the global pandemic on stock market volatility. Using data from 34 developed and emerging markets, we have found that these country-level economic characteristics and factors do help to reduce the volatility arising from the virus pandemic. The results of this paper are important as policymakers can use these economic factors to set policy responses to tackle extraordinary heat in the global stock market in order to avoid any possible future financial crisis.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 Elsevier Inc. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > The York Management School |
Depositing User: | Pure (York) |
Date Deposited: | 10 Feb 2021 10:30 |
Last Modified: | 16 Oct 2024 17:19 |
Published Version: | https://doi.org/10.1016/j.jbusres.2021.01.061 |
Status: | Published online |
Refereed: | Yes |
Identification Number: | 10.1016/j.jbusres.2021.01.061 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:170947 |
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