Global evidence on early effects of COVID-19 on stock markets

dc.contributor.author Kapar, Burcu
dc.contributor.author Buigut, Steven
dc.contributor.author Rana, Faisal
dc.date.accessioned 2022-01-07T06:07:07Z
dc.date.available 2022-01-07T06:07:07Z
dc.date.copyright © 2021
dc.date.issued 2021
dc.description This book chapter is not available at CUD collection. The version of scholarly record of this book chapter is published in Review of Financial Economics (2021), available online at: https://doi.org/10.1002/rfe.1156 en_US
dc.description.abstract We use event study approach to assess the effects of the early stages of COVID-19 on global markets. A large sample of stock markets (63) covering all key global markets and regions is included. The findings indicate that the Wuhan lockdown induces negative spillover effects on markets in Europe, North America, and other global markets that have yet to introduce domestic restrictions and have minimal infections at the time. Increasing cases outside China particularly in Europe and the introduction of containment measures result in severe market decline. Our findings highlight the need for quick, globally coordinated response to contagious diseases. © 2021 University of New Orleans. en_US
dc.identifier.citation Kapar, B., Buigut, S., & Rana, F. (2021). Global evidence on early effects of COVID-19 on stock markets. Review of Financial Economics. https://doi.org/10.1002/rfe.1156 en_US
dc.identifier.issn 10583300
dc.identifier.uri https://doi.org/10.1002/rfe.1156
dc.identifier.uri http://hdl.handle.net/20.500.12519/488
dc.language.iso en en_US
dc.publisher John Wiley and Sons Inc en_US
dc.relation Authors Affiliations : Kapar, B., American University in Dubai, Dubai, United Arab Emirates; Buigut, S., Canadian University Dubai, Dubai, United Arab Emirates; Rana, F., American University in Dubai, Dubai, United Arab Emirates
dc.rights License to reuse the abstract has been secured from John Wiley and Sons and Copyright Clearance Center.
dc.rights.holder Copyright : © 2021 University of New Orleans.
dc.rights.license License Number: 5222840444731 License date: Jan 05, 2022
dc.rights.uri https://s100.copyright.com/CustomerAdmin/PLF.jsp?ref=79805552-ad32-4146-9524-2d4c7c2244c9
dc.subject comparative analysis en_US
dc.subject COVID-19 en_US
dc.subject event study en_US
dc.subject spillover en_US
dc.subject stock markets en_US
dc.title Global evidence on early effects of COVID-19 on stock markets en_US
dc.type Article en_US
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