Is there a pattern in how COVID-19 has affected Australia’s stock returns?

Narayan, Paresh Kumar; Gong, Qiyong; Ahmed, Huson Joher Ali

doi:10.1080/13504851.2020.1861190

Cited by 76 publications

(52 citation statements)

References 35 publications

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“…Any form of crisis increases uncertainty in all markets and people react by reducing investment in risky assets further making the markets more bearish. This has been documented in many recent studies, which found that the COVID-19 pandemic has increased financial market volatility and reduced investment (Lyócsa and Molnár, 2020;Narayan, Gong and Ahmed, 2020;Narayan, Devpura and Wang, 2020;Erdem, 2020;Bai et al, 2020, Ali et al, 2020Ashraf, 2020;Goodell, 2020;Zaremba et al, 2020;Sansa, 2020;Dai et al, 2020;Sha and Sharma, 2020).…”

Section: Review Of Literaturementioning

confidence: 79%

The News Effect of Covid-19 on Global Financial Market Volatility

Haldar¹,

Sethi²

2021

BEMP

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This study investigates whether the coronavirus (COVID-19) pandemic caused a contagion and negatively affected the stock market. Using data from the 10 worst-hit countries over the period from December 2019 to May 2020 and an EGARCH model, the study shows that market speculations lead to negative stock returns and higher stock market volatility. Further, estimates of both bivariate time-series regression and random-effects panel regression show significant effects of COVID-19 related media coverage on the stock market.

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Section: Review Of Literaturementioning

confidence: 79%

The News Effect of Covid-19 on Global Financial Market Volatility

Haldar¹,

Sethi²

2021

BEMP

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“…The motivation for this comes from several papers that show how COVID-19 has impacted both financial and macroeconomic relations. In this literature, Iyke [17] and Narayan, Gong and Ahmed [31] find that COVID-19 is a predictor for exchange rates and stock returns, respectively. 1 Narayan [25] , [26] , [27] shows how bubble activity has changed in exchange rates due to COVID-19; how exchange rate resilience to shocks have changed due to COVID-19; and how the oil market has changed as a result of COVID-19.…”

Section: Introductionmentioning

confidence: 99%

Effect of COVID-19 on the relationship between Euro/USD exchange rate and oil price

Devpura

2021

MethodsX

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We investigate the relationship between the Euro-United States Dollar (Euro/USD) exchange rate and oil futures price using intra-day data. The dataset is on hourly basis from 01/07/2019 to 30/11/2020 and 17-hour per day, from 01:00am to 17:00pm. By employing a predictive regression model, we observe oil price has influenced Euro/USD exchange rate but the evidence is very limited. Further, when we control for the effect of COVID-19, this relationship vanishes. Overall, COVID-19 shows some effect on the exchange rate during March 2020. There is no predictive ability of oil price on Euro/USD exchange rate after controlling for COVID-19.

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“…Also, there is several studies carried out by various researchers to analyze the influence of the COVID-19 pandemic on various economic factors such as the aggregate market (Baker et al, 2020), cryptocurrency reliability (Conlon & McGee, 2020;Yarovaya et al, 2021), the insurance industry performance (Babuna et al, 2020;Wang et al, 2020) value of risk in mutual fund (Rizvi et al, 2020), global economy (McKibbin & Fernando, 2020) economic uncertainty and geopolitical risk . Corporate solvency , and liquidity and volatility of stocks (Albulescu, 2021;Baig et al, 2021;Narayan et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

The asymmetric effect of COVID-19 outbreak, commodities prices and policy uncertainty on financial development in China: evidence from QARDL approach

Jiang

Zhang

Razi

et al. 2021

Economic Research-Ekonomska Istraživanja

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COVID-19 epidemic has brought uncertainty to each sector of the global economy, including the financial sector. The widely spread disease has a drastic effect, which massively created health and financial crisis and virtually pushed the economy to the brink of recession. The study focused on the financial development of China during the COVID-19 pandemic and analyzed the long-term and short-term impact of COVID-19, oil prices, gold prices, and global economic policy uncertainty on the financial development of the country. The QARDL model, Wald test, and Granger causality tests are employed to assess the daily data of variables from January 1, 2020, to March 15, 2021. The study's empirical results revealed that an increase in the number of COVID-19 registered patients has an unprecedented negative effect on financial development, whereas the oil prices co-moved with the financial performance. On the other hand, gold prices and global economic policy uncertainty are negatively correlated with financial development. This study offers various policy recommendations to help the investors, government, and decision-makers to make better decisions for the improvement of the financial development of China.

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Is there a pattern in how COVID-19 has affected Australia’s stock returns?

Cited by 76 publications

References 35 publications

The News Effect of Covid-19 on Global Financial Market Volatility

The News Effect of Covid-19 on Global Financial Market Volatility

Effect of COVID-19 on the relationship between Euro/USD exchange rate and oil price

The asymmetric effect of COVID-19 outbreak, commodities prices and policy uncertainty on financial development in China: evidence from QARDL approach

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