Impact of epidemic infectious disease and death on stock returns: Evidences from Asian stock markets with COVID-19

Authors

  • Shiba Prasad Sapkota Kailali Multiple Campus

DOI:

https://doi.org/10.3126/craiaj.v4i1.32759

Keywords:

Asian stock market, Causality relationship, COVID-19, Stock return

Abstract

The causal comparative study regarding impact of pandemic COVID-19 on stock return revealed that the changes on daily confirmed new cases have been severely inflected stock returns in overall as well as cross-over the industries. Whereas, the influence of death form COVID-19 found negative but mostly insignificant. The categorical variables size of economy, geographical area, regulations, and country specific impact have been found very low. The empirical evidences were examined using causality test with the backing of regression. The study period has covered 20thJanuary to 30thMay 2020, considering eight nations: China, India, Israel, Japan, Korea Republic, Malaysia, Saudi Arabia, and United Arab Emirates, as samples.

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Author Biography

Shiba Prasad Sapkota, Kailali Multiple Campus

Associate Professor

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Published

2020-11-08

How to Cite

Sapkota, S. P. (2020). Impact of epidemic infectious disease and death on stock returns: Evidences from Asian stock markets with COVID-19. Contemporary Research: An Interdisciplinary Academic Journal, 4(1), 174–191. https://doi.org/10.3126/craiaj.v4i1.32759

Issue

Vol. 4 No. 1 (2020)

Section

Articles

License

© Ghodaghodi Multiple Campus, Research Committee, RMC

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. This license enables reusers to copy and distribute the material in any medium or format in unadapted form only, for noncommercial purposes only, and only so long as attribution is given to the creator.