Vulnerability of financial markets in India: The contagious effect of COVID-19

This study aims to examine the impact of COVID-19 on financial markets, using emerging market data. Specifically, panel data regression is applied on 3200 observations for daily market returns during lockdown in India. The event study methodology is adopted to show abnormal returns registered in the...

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Autores principales: Rao, Purnima, Goyal, Nisha, Kumar, Satish, Hassan, M. Kabir, Shahimi, Shahida
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9756004/
https://www.ncbi.nlm.nih.gov/pubmed/36540343
http://dx.doi.org/10.1016/j.ribaf.2021.101462
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author Rao, Purnima
Goyal, Nisha
Kumar, Satish
Hassan, M. Kabir
Shahimi, Shahida
author_facet Rao, Purnima
Goyal, Nisha
Kumar, Satish
Hassan, M. Kabir
Shahimi, Shahida
author_sort Rao, Purnima
collection PubMed
description This study aims to examine the impact of COVID-19 on financial markets, using emerging market data. Specifically, panel data regression is applied on 3200 observations for daily market returns during lockdown in India. The event study methodology is adopted to show abnormal returns registered in the lockdown period. A contrasting breakdown effect of COVID-19 on various Indian industries has been observed through sectoral analysis. The study also provides empirical evidence for lockdown measures taken by the government on stock market returns and post lockdown impact of COVID-19 on daily market returns for over 6550 observations.
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spelling pubmed-97560042022-12-16 Vulnerability of financial markets in India: The contagious effect of COVID-19 Rao, Purnima Goyal, Nisha Kumar, Satish Hassan, M. Kabir Shahimi, Shahida Res Int Bus Finance Article This study aims to examine the impact of COVID-19 on financial markets, using emerging market data. Specifically, panel data regression is applied on 3200 observations for daily market returns during lockdown in India. The event study methodology is adopted to show abnormal returns registered in the lockdown period. A contrasting breakdown effect of COVID-19 on various Indian industries has been observed through sectoral analysis. The study also provides empirical evidence for lockdown measures taken by the government on stock market returns and post lockdown impact of COVID-19 on daily market returns for over 6550 observations. Elsevier B.V. 2021-12 2021-05-29 /pmc/articles/PMC9756004/ /pubmed/36540343 http://dx.doi.org/10.1016/j.ribaf.2021.101462 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
Rao, Purnima
Goyal, Nisha
Kumar, Satish
Hassan, M. Kabir
Shahimi, Shahida
Vulnerability of financial markets in India: The contagious effect of COVID-19
title Vulnerability of financial markets in India: The contagious effect of COVID-19
title_full Vulnerability of financial markets in India: The contagious effect of COVID-19
title_fullStr Vulnerability of financial markets in India: The contagious effect of COVID-19
title_full_unstemmed Vulnerability of financial markets in India: The contagious effect of COVID-19
title_short Vulnerability of financial markets in India: The contagious effect of COVID-19
title_sort vulnerability of financial markets in india: the contagious effect of covid-19
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9756004/
https://www.ncbi.nlm.nih.gov/pubmed/36540343
http://dx.doi.org/10.1016/j.ribaf.2021.101462
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AT hassanmkabir vulnerabilityoffinancialmarketsinindiathecontagiouseffectofcovid19
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