THE NEXUS BETWEEN COVID-19 AND STOCK RETURNS: EVIDENCE FROM SELECTED MENA COUNTRIES
نویسندگان
چکیده
This study investigates the relationship between COVID-19 measured by growth in number of weekly confirmed new cases and stock returns major indices selected Middle East North Africa (MENA) countries. To test influence on returns, this uses panel data methodology using 19 March 2020 31 December 2020. Contrary to expectations, our findings fail demonstrate a significant link market index COVID-19, which is proxied cases. Additionally, regarding control variables, whereas no documented Chicago Board Options Exchange Volatility Index (VIX) countries’ 5-year Sovereign Credit Default Swap (CDS) figures countries are found be negatively significantly related with main variable interest.
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ژورنال
عنوان ژورنال: Muhasebe bilim dünyas? dergisi
سال: 2022
ISSN: ['1302-258X', '2564-7164']
DOI: https://doi.org/10.31460/mbdd.1033349