The impact of COVID-19 coronavirus on stock markets: evidence from selected countries
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Date
2021-03-01
Authors
Journal Title
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Volume Title
Publisher
Bulletin of Accounting and Finance Reviews
Abstract
In this paper, it has been aimed to reveal the possible effects of Covid-19
Coronavirus epidemic on stock markets. In the analysis using daily data between
23 January 2020 and 13 March 2020, possible effects on stock markets have been
investigated with Maki (2012) cointegration test using both Covid-19 daily total
death and Covid-19 daily total case. According to the results obtained, all stock
markets examined with total death act together in the long run. It has been
understood that total cases have a cointegration relationship of SSE, KOSPI and
IBEX35 and do not have a cointegration relationship with FTSE MIB, CAC40,
DAX30. In this regard, it is considered as one of the optimal options for investors
to avoid investments in stock markets, turn to investment in gold markets, which
is the safe investment port of each crisis period in long run. Also, considering the
possibility of turning all life into an internet environment, turning to
cryptocurrencies is seen as another alternative option for investors. In this
direction, it will be the preference of investors to turn to derivative markets and
to the stock markets of countries where Covid-19 is relatively rare to avoid risk.
Description
Keywords
Covid-19 Coronavirus, Stock Markets, Epidemic, Death, Case
Citation
Zeren, F. & Hızarcı, A. (2020). THE IMPACT OF COVID-19 CORONAVIRUS ON STOCK MARKETS: EVIDENCE FROM SELECTED COUNTRIES . Muhasebe ve Finans İncelemeleri Dergisi , 3 (1) , 78-84 . DOI: 10.32951/mufider.706159