Stock market volatility and the COVID-19 reproductive number()

The media has prominently featured the totemic reproductive number [Formula: see text] in its COVID-19 coverage despite being an imperfect measure of the degree of infectivity of the virus. As such, it conveys information to the public regarding the state of the pandemic that affects market sentimen...

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Detalles Bibliográficos
Autores principales: Díaz, Fernando, Henríquez, Pablo A., Winkelried, Diego
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8514944/
https://www.ncbi.nlm.nih.gov/pubmed/34663999
http://dx.doi.org/10.1016/j.ribaf.2021.101517
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author Díaz, Fernando
Henríquez, Pablo A.
Winkelried, Diego
author_facet Díaz, Fernando
Henríquez, Pablo A.
Winkelried, Diego
author_sort Díaz, Fernando
collection PubMed
description The media has prominently featured the totemic reproductive number [Formula: see text] in its COVID-19 coverage despite being an imperfect measure of the degree of infectivity of the virus. As such, it conveys information to the public regarding the state of the pandemic that affects market sentiment. We analyze how news about [Formula: see text] affects the volatility in stock markets worldwide and find that when [Formula: see text] is greater than one, which means the spread of the disease should soar, it has a positive and significant effect on volatility. Our results hold after controlling for government interventions and several robustness checks.
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spelling pubmed-85149442021-10-14 Stock market volatility and the COVID-19 reproductive number() Díaz, Fernando Henríquez, Pablo A. Winkelried, Diego Res Int Bus Finance Article The media has prominently featured the totemic reproductive number [Formula: see text] in its COVID-19 coverage despite being an imperfect measure of the degree of infectivity of the virus. As such, it conveys information to the public regarding the state of the pandemic that affects market sentiment. We analyze how news about [Formula: see text] affects the volatility in stock markets worldwide and find that when [Formula: see text] is greater than one, which means the spread of the disease should soar, it has a positive and significant effect on volatility. Our results hold after controlling for government interventions and several robustness checks. Elsevier B.V. 2022-01 2021-08-24 /pmc/articles/PMC8514944/ /pubmed/34663999 http://dx.doi.org/10.1016/j.ribaf.2021.101517 Text en © 2021 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
Díaz, Fernando
Henríquez, Pablo A.
Winkelried, Diego
Stock market volatility and the COVID-19 reproductive number()
title Stock market volatility and the COVID-19 reproductive number()
title_full Stock market volatility and the COVID-19 reproductive number()
title_fullStr Stock market volatility and the COVID-19 reproductive number()
title_full_unstemmed Stock market volatility and the COVID-19 reproductive number()
title_short Stock market volatility and the COVID-19 reproductive number()
title_sort stock market volatility and the covid-19 reproductive number()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8514944/
https://www.ncbi.nlm.nih.gov/pubmed/34663999
http://dx.doi.org/10.1016/j.ribaf.2021.101517
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