The association of the number of confirmed COVID-19 cases and fatalities with stock market returns: A case of the USA and China

نویسندگان

چکیده

The daily stock indices/returns of the Shanghai Stock Exchange (SSE) and New York (NYSE) were examined from January 2, 2020, to April during COVID-19 pandemic period. sample was then split into three event windows. returns negative post-COVID-19 window for both markets. Interestingly, a positive link found between NYSE cases deaths peak death window. These findings indicate buying frenzy investors in wake increased level as compared SSE.

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ژورنال

عنوان ژورنال: Corporate Ownership and Control

سال: 2022

ISSN: ['1727-9232', '1810-0368', '1810-3057']

DOI: https://doi.org/10.22495/cocv19i3art15