Stock markets’ reaction to COVID-19: Cases or fatalities?

By Badar Nadeem Ashraf. Research In International Business and Finance, 2020

1,086 citations recorded by the source corpus.

Graphical abstract

Subfields: Economics and Econometrics, Finance, Modeling and Simulation

View Paper: https://www.semanticscholar.org/paper/c51fc268de6154c88961dd37c5beeca519b2d635

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Citations in the corpus

Revisiting oil-stock nexus during COVID-19 pandemic: Some preliminary results (2020, background): “In addition, Ashraf (2020) examines stock market response to the COVID-19 pandemic in 64 countries and the studyfinds that stockmarket returnsdecline as thenumberof cases increases ina country.”
Banking sector reactions to COVID-19: The role of bank-specific factors and government policy responses (2021, neutral): “…explore the potential impacts of the COVID-19 pandemic on financial markets, such as its influence on stock market behavior (Shanaev et al., 2020; Ashraf, 2020; Al-Awadhi et al., 2020; Zaremba et al., 2020, 2021a; Chen et al., 2020; Szczygielski et al., 2021; Liu et al., 2021), cryptocurrencies…”
The nexus between COVID-19 fear and stock market volatility (2021, positive): “This led to a new argument, linking the fear index of infectious disease and, simultaneously, the coronavirus, with a severe effect on stock market volatility (Alemzero et al., 2020a; 2020b; Mirza et al., 2020b; Yarovaya et al., 2021).”
Does COVID-19 open a Pandora's box of changing the connectedness in energy commodities? (2020, positive): “The reason we focus on the EPU and VIX is that they are the mainstream factors to measure the market uncertainties (Ashraf, 2020), the former indicates the economic uncertainty as it concentrates on how the government policy changes while the latter is the financial panic proxy, portraying the…”
The effects of a “black swan” event (COVID-19) on herding behavior in cryptocurrency markets (2021, neutral): “…et al., 2020; Okorie and Lin, 2020; Yarovaya et al., 2020a, 2020b), reaction and recovery of financial markets from the COVID-19 shock (e.g., Ashraf, 2020; Seven and Yilmaz, 2020; Heyden and Heyden, 2020; Mazur et al., 2020; Topcu and Gulal, 2020; Yarovaya et al., 2020c); predictability…”
Network analysis of global stock markets at the beginning of the coronavirus disease (Covid-19) outbreak (2020, positive): “Ashraf (2020) confirms that stock markets react more to the number of confirmed cases than the number of deaths.”
Rethinking financial contagion: Information transmission mechanism during the COVID-19 pandemic (2020, positive): “Overall, Ashraf (2020) results show that stock markets reactions were quick, but they also subsequently varied over time depending on the stage of outbreak.”
Impact of COVID-19 pandemic on stock markets: Conventional vs. Islamic indices using wavelet-based multi-timescales analysis (2021, background): “Our findings are also in accord with those of the recent studies such as Sharif et al. (2020), Ashraf (2020), Al-Awadhi et al. (2020), and Zhang et al., 2020, in terms of the negative effect of stock markets caused by COVID-19.”
Asymmetric spillover and network connectedness between crude oil, gold, and Chinese sector stock markets (2021, background): “Ashraf (2020), Harjoto et al. (2020), Liu et al. (2020) and Ichev and Marinč (2018) report negative impact of COVID19 epidemic on stock and commodity returns.”
Structural Breaks in Interactive Effects Panels and the Stock Market Reaction to COVID-19 (2021, background): “Ashraf (2020b) employs data for 77 countries.”