Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets

Ashraf, Badar Nadeem

doi:10.1016/j.jbef.2020.100371

Cited by 643 publications

(612 citation statements)

References 28 publications

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“…On the one hand, if investors welcome such government actions, they will adjust their return expectation in a less negative manner. On the other hand, if investors consider politicians being self-serving 21 or that the government is overreacting, they will react more negatively ( Ashraf, 2020 ). Given these differing views, we test whether the (in)action of a government has an impact on investors and hence the way they respond in stock markets.…”

Section: Resultsmentioning

confidence: 99%

“…The COVID-19 also plays a significant role in earnings calls, although its impact is moderated by past experiences with an epidemic ( Hassan et al, 2020 ). Ashraf (2020) shows the effects of government interventions during the COVID-19 on stock market returns. Unlike the above studies, 4 we examine how cultural values could influence the initial negative impact of COVID-19 across countries.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

COVID-19 pandemic and stock market response: A culture effect

Fernández-Pérez

Gilbert

Indriawan

et al. 2021

Journal of Behavioral and Experimental Finance

134

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Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

COVID-19 pandemic and stock market response: A culture effect

Fernández-Pérez

Gilbert

Indriawan

et al. 2021

Journal of Behavioral and Experimental Finance

134

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“…NGOs will want to think of both intended and unintended consequences of any services provided to ensure economic resilience. COVID-19 and associated restrictive measures have had significant economic impacts ( Ashraf, 2020 ). It is likely that many vulnerable families that have previously experienced separation may require economic or material assistance ( Wilke, Howard et al, 2020 ).…”

Section: Discussionmentioning

confidence: 99%

Rapid return of children in residential care to family as a result of COVID-19: Scope, challenges, and recommendations

Wilke¹,

Howard

Goldman³

2020

Child Abuse & Neglect

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Background As a result of the COVID-19 pandemic, some governments have mandated that residential care providers rapidly return children and youth to family. Objective The goal of the present study was to better understand the scope and characteristics of rapid return, and to provide data-informed recommendations for service providers working with this population. Participants and setting Representatives from 67 non-government organizations (NGOs) providing residential care that were government-mandated to rapidly return children and youth to family completed a brief online survey. They collectively serve 12,494 children in 14 nations. Methods Using a mixed methods design, results examined 1) characteristics of the rapid return mandate, 2) preparation received by children and families, 3) support services provided since the return, and 4) primary concerns for children and families. Results Data revealed that rapid return was characterized by compressed timelines that did not allow for adequate child and family assessment and preparation. However, all respondents indicated they believed at least some families would be able to remain intact safely with appropriate support. Primary concerns for children and families related to unresolved antecedents to separation, lack of economic capacity, limited monitoring, and lack of access to education. Conclusions Based on the findings, 9 recommendations were made for service providers working with children and families that have been rapidly reunified as a result of the COVID-19 pandemic.

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“…As discussed earlier, the inability to pay for the utility bills by the customers could result in serious financial challenges for the utilities to carry on their critical operations. In addition, government interventions (such as social distancing and others) during the outbreaks may influence the economic impact in both positive and negative ways, directly and indirectly ( Ashraf, 2020 ). Most of the utilities are publicly owned and non-profit privately-owned.…”

Section: Near-future Efforts To Prepare For Outbreaksmentioning

confidence: 99%