COVID-19 containment measures and stock market returns: An international spatial econometrics investigation

We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lock...

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Autores principales: Alexakis, Christos, Eleftheriou, Konstantinos, Patsoulis, Patroklos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7694469/
https://www.ncbi.nlm.nih.gov/pubmed/33269212
http://dx.doi.org/10.1016/j.jbef.2020.100428
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author Alexakis, Christos
Eleftheriou, Konstantinos
Patsoulis, Patroklos
author_facet Alexakis, Christos
Eleftheriou, Konstantinos
Patsoulis, Patroklos
author_sort Alexakis, Christos
collection PubMed
description We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lockdown).
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spelling pubmed-76944692020-11-27 COVID-19 containment measures and stock market returns: An international spatial econometrics investigation Alexakis, Christos Eleftheriou, Konstantinos Patsoulis, Patroklos J Behav Exp Finance Article We investigate the impact of governments’ social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lockdown). Elsevier B.V. 2021-03 2020-11-27 /pmc/articles/PMC7694469/ /pubmed/33269212 http://dx.doi.org/10.1016/j.jbef.2020.100428 Text en © 2020 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Alexakis, Christos
Eleftheriou, Konstantinos
Patsoulis, Patroklos
COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
title COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
title_full COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
title_fullStr COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
title_full_unstemmed COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
title_short COVID-19 containment measures and stock market returns: An international spatial econometrics investigation
title_sort covid-19 containment measures and stock market returns: an international spatial econometrics investigation
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7694469/
https://www.ncbi.nlm.nih.gov/pubmed/33269212
http://dx.doi.org/10.1016/j.jbef.2020.100428
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