COVID-19 and the Oil Price – Stock Market Nexus: Evidence From Net Oil-Importing Countries

By K. Prabheesh, Rakesh Padhan, Bhavesh Garg. 2020

233 citations recorded by the source corpus.

This study focuses on the relation between stock price returns and oil price returns covering the COVID-19 period. This relation is examined for major net oil-importing Asian countries. Utilizing daily data, we fit a DCC-GARCH model. We find evidence of a positive co-movement between oil price returns and stock price returns during the COVID-19 period. This indicates that falling oil prices act as a negative signal for the stock market.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1c94af241cad663ab07651e6b7c61b41746a840e

Citations in the corpus

• Economic Policy Uncertainty in Times of COVID-19 Pandemic (2020, unknown): “…(Fu & Shen, 2020); stock markets (Haroon & Rizvi, 2020; Salisu & Sikiru, 2020); oil markets (Devpura & Narayan, 2020; Iyke, 2020a; Narayan, 2020a; Prabheesh et al., 2020); foreign exchange markets (Iyke, 2020b; Narayan, 2020b); global trade and insurance markets (Vidya & Prabheesh, 2020; Wang et…”
• COVID-19 lockdowns, stimulus packages, travel bans, and stock returns (2020, unknown): “…et al., 2020); corporate performance (Fu and Shen, 2020; Shen et al. 2020); exchange rates (Iyke, 2020b); global trade and insurance (C.T and Prabheesh, 2020; Wang et al. 2020); industry and sector effects (He et al. 2020a, b; Xiong et al. 2020; Gu et al. 2020); fear and sentiment effects…”