Investigating the impact of Covid-19 on stock markets

This paper aims to examine the impact of Covid-19 pandemic on stock markets. This paper also analyses the stock market cointegration of selected global equity indices that performed better and have a quick speed of recovery during the pandemic. This paper also questions how increasing uncertainty an...

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Autores principales:	Mustapher Faque, Umit Hacioglu
Formato:	article
Lenguaje:	EN
Publicado:	Ümit Hacıoğlu 2021
Materias:	covid-19, cointegration, diversification, global equity indices pandemic Social Sciences H
Acceso en línea:	https://doaj.org/article/b4d9cf205fa4478b814d9287ec44d99e
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id	oai:doaj.org-article:b4d9cf205fa4478b814d9287ec44d99e
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spelling	oai:doaj.org-article:b4d9cf205fa4478b814d9287ec44d99e2021-11-07T08:04:31ZInvestigating the impact of Covid-19 on stock markets2147-447810.20525/ijrbs.v10i7.1461https://doaj.org/article/b4d9cf205fa4478b814d9287ec44d99e2021-11-01T00:00:00Zhttps://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/1461https://doaj.org/toc/2147-4478This paper aims to examine the impact of Covid-19 pandemic on stock markets. This paper also analyses the stock market cointegration of selected global equity indices that performed better and have a quick speed of recovery during the pandemic. This paper also questions how increasing uncertainty and volatility deters investors’ perception of the diversification of equity investments. The dataset for the selected 12 global equity indices has been used from Thompson Reuters’s EIKON database in a given period of time between 2010 and 2021. This paper employs Vector Error Correction Models to assess the relationship among the selected global equity indices. Findings demonstrate that (i) there is an adverse impact of Covid-19 on the Global Equity markets, (ii) there is a clear sign of cointegration in global equity indices, (ii) investors can benefit from investing in particular equity indices that have exhibited quick speed of recovery from the pandemic records lows. The findings finally provide a strong foundation for constructing a resilient equity portfolio in a highly uncertain market environment.Mustapher FaqueUmit HaciogluÜmit Hacıoğluarticlecovid-19, cointegration, diversification, global equity indicespandemicSocial SciencesHENInternational Journal of Research In Business and Social Science, Vol 10, Iss 7, Pp 199-219 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	covid-19, cointegration, diversification, global equity indices pandemic Social Sciences H
spellingShingle	covid-19, cointegration, diversification, global equity indices pandemic Social Sciences H Mustapher Faque Umit Hacioglu Investigating the impact of Covid-19 on stock markets
description	This paper aims to examine the impact of Covid-19 pandemic on stock markets. This paper also analyses the stock market cointegration of selected global equity indices that performed better and have a quick speed of recovery during the pandemic. This paper also questions how increasing uncertainty and volatility deters investors’ perception of the diversification of equity investments. The dataset for the selected 12 global equity indices has been used from Thompson Reuters’s EIKON database in a given period of time between 2010 and 2021. This paper employs Vector Error Correction Models to assess the relationship among the selected global equity indices. Findings demonstrate that (i) there is an adverse impact of Covid-19 on the Global Equity markets, (ii) there is a clear sign of cointegration in global equity indices, (ii) investors can benefit from investing in particular equity indices that have exhibited quick speed of recovery from the pandemic records lows. The findings finally provide a strong foundation for constructing a resilient equity portfolio in a highly uncertain market environment.
format	article
author	Mustapher Faque Umit Hacioglu
author_facet	Mustapher Faque Umit Hacioglu
author_sort	Mustapher Faque
title	Investigating the impact of Covid-19 on stock markets
title_short	Investigating the impact of Covid-19 on stock markets
title_full	Investigating the impact of Covid-19 on stock markets
title_fullStr	Investigating the impact of Covid-19 on stock markets
title_full_unstemmed	Investigating the impact of Covid-19 on stock markets
title_sort	investigating the impact of covid-19 on stock markets
publisher	Ümit Hacıoğlu
publishDate	2021
url	https://doaj.org/article/b4d9cf205fa4478b814d9287ec44d99e
work_keys_str_mv	AT mustapherfaque investigatingtheimpactofcovid19onstockmarkets AT umithacioglu investigatingtheimpactofcovid19onstockmarkets
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Investigating the impact of Covid-19 on stock markets

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