Predicting financial market returns in the presence of health crisis
Evidence from conventional and Islamic stock markets
Bibliographic Data
| ID | 15066679 |
|---|---|
| Authors | Gülfen Tuna (0000-0002-0347-8072, Department of Business, Sakarya Business School, Sakarya University, Serdivan, Sakarya, Turkey, corresponding author) |
| Year | 2022 |
| Volume | 35 |
| Issue | 1 |
| Pages | 1786-1806 |
| Publication date | 2022-12-31 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2021.1922089 |
| OpenAlex | W3170818965 |
| Language | EN |
| References cited | 49 |
The purpose of this study is to examine the usability of the news about the COVID-19 outbreak as a predictor in financial markets. Index values of 11 different sectors in conventional and Islamic stock markets and the index values obtained from COVID-19 deaths, COVID-19 cases and health news were used for this purpose. News variables indices were calculated through Google search volume (G.S.V.) values obtained from Google trend. The daily data between 19 March 2020 and 27 July 2020 were used in the study for 25 index values in total. Regression analysis was used in the study. According to the study results, COVID-19 deaths, COVID-19 cases and health news used as predictors have higher performance than historical return values in all sectors of both conventional and Islamic financial markets. In addition, Islamic stock markets show more attention to the news about the COVID-19 outbreak than conventional stock markets. Accordingly, COVID-19 deaths, COVID-19 cases and health news can be used as effective predictors in Islamic financial markets
Business · Economics · Financial crisis · Financial economics · Financial market · Financial system · Geography · Islam · Macroeconomics · Outbreak · Stock market · Stock market index · COVID-19 Pandemic Impacts · Islamic Finance and Banking Studies · Market Dynamics and Volatility · Medicine · Finance · Internal Medicine
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Price reaction, volatility timing and funds’ performance during Covid-19
Death and contagious infectious diseases
Do Investors Trade Too Much?
Impact of Covid-19 on corporate solvency and possible policy responses in the EU
Financial markets under the global pandemic of Covid-19
All That Glitters
The impact of human capital efficiency on Latin American mutual funds during Covid-19 outbreak
Covid-19 and asset management in EU
Pandemic crisis versus global financial crisis
| Highly cited | No |
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