RETRACTED ARTICLE: Impact of COVID-19 pandemic on total market trade value (institutional investors vs non-institutional investors)

Alsedrah, Ibrahim Tawfeeq; Gherbi, Elhachemi Abdelkader Hacine

doi:10.1080/20430795.2021.1905412

Cited by 11 publications

(6 citation statements)

References 19 publications

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“…Further, Khanthavit (2020a) discovered that the negative reaction in nearly all stock markets occurred after media coverage and the declaration of a pandemic intensified in January–February 2020. Just as increasingly massive and incessant information about COVID-19 might create anxiety, his finding on the role of information corroborate the research result and the argument of Alsedrah and Hacine Gherbi (2021) that fear is a mediator for the effects of COVID-19 on the stock market. In other words, the negative effect of COVID-19 on stock prices reflects investors and other stakeholders losing confidence in the market (Hashmi et al , 2021).…”

Section: Literature Reviewsupporting

confidence: 75%

“…In Saudi Arabia, Hacine Gherbi and Alsedrah (2021) found that the COVID-19 pandemic leads to financial crisis, which may be eased in the long term by increasing trading liquidity. Less frequent trading in the short term was because the investors continue to retain their investment for fear (Alsedrah and Hacine Gherbi, 2021). In this regard, responsive government policies were proven to induce capital market liquidity (Alaoui Mdaghri et al , 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

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What happens to the stock market during the COVID-19 pandemic? A systematic literature review

Anggraini

Utami

Wulandari

2022

PAR

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Purpose This study aims to evaluate papers that discuss the stock market during the COVID-19 pandemic to discover lessons that may be beneficial for coping with similar situations in the future. Design/methodology/approach This study used the review procedures following Hoque (2014) with modifications, including co-words analysis to map themes. The articles to be reviewed were identified by entering the search keywords “capital market” AND “Covid” and “stock market” AND “Covid” in the Scopus database. After applying a set of criteria, 89 articles were used in the subsequent analysis. The country setting and study findings are recognized, and the lessons learned are further determined. Findings As COVID-19 has been designated a global pandemic by the WHO, and its impact is seen in many countries, the setting adopted by many researchers includes two or more countries (i.e., “International”). Six clusters of themes are identified, namely, market responses, spillover/contagion, investor sentiment, investor herding, policy and asset intensity. In this way, the lessons gained cover several stock market elements, including the market, industry, investors, government and companies. Originality/value Given the importance of understanding the COVID-19 pandemic and the relevance of the stock market in indicating its severity, to the best of the authors’ knowledge, there has been no literature review research on the stock market during COVID-19. Furthermore, this study also defines what lessons can be drawn.

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Section: Literature Reviewsupporting

confidence: 75%

Section: Literature Reviewmentioning

confidence: 99%

What happens to the stock market during the COVID-19 pandemic? A systematic literature review

Anggraini

Utami

Wulandari

2022

PAR

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“…An example of this circumstance was the "flash crash" in 2010 [6]. Additionally, there's a study presented by 2020 that aims to search for a new approach for institutional investors to optimize their investment strategy based on the current economic situation, which agrees with the research on the impact of the COVID-19 pandemic on total trade value that institutional investors are recommended to trade in stocks with large firms having good governance [7,8]. Our findings illustrate the impact of institutions' trading activities on the stock market, suggesting that when choosing investment strategies, institutional investors should consider how they can maximize the total payoffs in the current period and the influence on share volatility and return in the next period.…”

Section: Introductionmentioning

confidence: 84%

The Influence of Institutional Investors on the Volatility and Return of Chinese Stock Market

Chen¹,

Miu²,

Yang³

et al. 2023

Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022

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This study investigated the effect of institutions' shareholding and holding period on the return and volatility of the shares in the Chinese stock market. 3267 stocks in the three boards of the Chinese stock market were chosen. Based on their data from the fourth quarter of 2018 to the third quarter of 2020, this paper researched the effect of the shareholding and holding period on the return and volatility mainly by the Fama-MacBeth regression method. Specifically, it scrolls to calculate the beta using time series data primarily and apply cross-section regression subsequently to perform statistical test. In addition to the population, we generated two-group subsamples depended on the shareholding and different boards, respectively, introduce lag variables to estimate their Inter-temporal impact. Besides, we also use Granger Causal Relation Test to avoid endogenous problem between institutions' shareholding and volatility. Additionally, different kinds of investment portfolios are constructed to derive the rules of institutional behaviors. According to the analysis, increasing institutional shareholdings exacerbated the fluctuations in stock price. Moreover, the institutional shareholding ratio has a significant positive effect on the stock yield. Meanwhile, there is a significant negative correlation between the duration of the holding and the volatility of the stock. A portfolio with higher institutional holding has a higher Sharpe ratio, while possesses a lower Sharpe ratio in a cross-time period. These results shed light for comprehensive understanding the behaviors of institutional investors in Chinese markets.

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“…Market Responses-the COVID-19 pandemic caused disrupt in the global economy and capital markets, as noted by Hunjra et al (2021) [46] . According to Alsedran and Hacine Gerbi (2021) [2] , there has been a decrease in short-term trading activity as investors opt to hold onto their investments due to fear, which is believed to be a mediating factor in the impact of COVID-19 on the stock market. According to Khanthavit (2020a) [52] , the majority of stock markets experienced adverse reactions subsequent to media coverage and the announcement of the pandemic, leading to a decline in stakeholder confidence in the market.…”

Section: Various Themes Emerged From the Existing Research Findings B...mentioning

confidence: 99%

Untitled

2024

Int. J. Finance Manage.

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The study aims to identify the reasons behind volatility in stock markets pre or post COVID for getting insights that may be beneficial for coping with similar situations in the future. Design/Methodology/Approach: To analyze the same, the paper has review procedures used in the study as following (Anggraini et al., 2021) with modifications, also adopted systematic literature review with the help of VOS Viewer and Biblioshiny to conducted review of included analysis of cowords to map themes. Reviewed articles were identified by entering the search keywords "Pandemic AND Stock Markets", "Pandemic AND Volatility", "Stock market volatility" and "COVID-19 Pandemic" in the Scopus Database. A set of criteria was applied, 77 articles were used in this subsequent analysis. There is a recognition of country setting and recognised their findings, and the lessons learned are further determined. Findings: As per WHO, COVID-19 has been designated a global pandemic as its impact is seen in many countries, many researchers have adopted the setting in 2 or more countries i.e. International. 6 clusters of themes are identified namely. Thus, the several lessons learnt cover several elements related to the stock market.

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RETRACTED ARTICLE: Impact of COVID-19 pandemic on total market trade value (institutional investors vs non-institutional investors)

Cited by 11 publications

References 19 publications

What happens to the stock market during the COVID-19 pandemic? A systematic literature review

What happens to the stock market during the COVID-19 pandemic? A systematic literature review

The Influence of Institutional Investors on the Volatility and Return of Chinese Stock Market

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