Government responses to Covid-19 and industry stock returns
Bibliographic Data
| ID | 15068283 |
|---|---|
| Authors | Elie Bouri (0000-0003-2628-5027, Lebanese American University), M A Naeem (0000-0001-6962-3175, Massey University), Shifa Mohd Nor (0000-0003-0791-2363, Universiti Malaysia Terengganu, corresponding author), Safwan Mohd Nor (Universiti Malaysia Terengganu), Imen Mbarki (0000-0003-3498-9518, Gouvernance d’Entreprise, Finance Appliquée Et Audit Laboratory, Institut Supérieur de Gestion de Tunis, Université de Tunis, Tunis, Tunisia), Tareq Saeed (0000-0002-0170-5286, King Abdulaziz University) |
| Year | 2022 |
| Volume | 35 |
| Issue | 1 |
| Pages | 1967-1990 |
| 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.2021.1929374 |
| OpenAlex | W3166636172 |
| Language | EN |
| Citations received | 7 |
| References cited | 44 |
Governments around the world have responded to the COVID-19 outbreak with a mix of policies. The strictest responses of the New Zealand government are notable, given their abilities to contain and limit the spread of the virus. However, their impacts on stock returns remain unclear. This paper investigates the impact of three policies, namely lockdown, the stimulus package, and the travel ban, on the returns of 14 New Zealand industry stock indices. Using daily data from 1 January 2019 to 25 August 2020, evidence points to a heightened level of integration among the various industry stock indices during the early stages of the pandemic. Only lockdown has had a positive impact on aggregate stock returns, suggesting its ability to raise investors’ confidence in the overall stock market. At the industry level, the impact of the three response policies is generally positive but heterogeneous across industry stock indices. Notably, none of the three adopted policies significantly impact technology, healthcare, and real estate returns
Business · Economics · Financial economics · Geography · Monetary economics · Stock market · COVID-19 epidemiological studies · COVID-19 Pandemic Impacts · Market Dynamics and Volatility
Government’s responses and performance of stock markets during Covid-19
Effect of the Covid-19 pandemic on the exchange rate under the microstructure approach
Effect of the Universal Health Coverage Healthcare System on Stock Returns During Covid-19
The Dynamic Impact of Covid-19 Pandemic on Stock Returns
The economic impact of international travel measures used during the Covid-19 pandemic
The link Between Stock Exchange Sectors and Indices
Covid-19 pandemic–related policy stringency and economic decline
Multivariate GARCH models
Human Capital efficiency and equity funds’ performance during the Covid-19 pandemic
Price reaction, volatility timing and funds’ performance during Covid-19
Impact of Covid-19 on corporate solvency and possible policy responses in the EU
Covid-Induced Economic Uncertainty
The impact of human capital efficiency on Latin American mutual funds during Covid-19 outbreak
Covid-19 and asset management in EU
A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
On the efficiency of foreign exchange markets in times of the Covid-19 pandemic
Dynamic Conditional Correlation
Dynamic Equicorrelation
Dynamic Conditional Correlation
The comparative politics of Covid-19
Analyzing the effects of Covid ‐19 pandemic on the financial performance of Chinese listed companies
Lesson‐Drawing from New Zealand and Covid‐19
| Citations per year | 1.75 |
|---|---|
| Citation span | 2022 - 2024 (3) |
| Highly cited | No |