2019冠状病毒病对股市早期影响的全球证据

IF 1.2 Q3 BUSINESS, FINANCE Review of Financial Economics Pub Date : 2021-11-24 DOI:10.1002/rfe.1156

Burcu Kapar, Steven Buigut, Faisal Rana

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引用次数: 3

摘要

我们使用事件研究方法来评估新冠肺炎早期阶段对全球市场的影响。包括涵盖所有关键全球市场和地区的股票市场的大样本（63）。研究结果表明，武汉封锁对欧洲、北美和其他全球市场产生了负面溢出效应，这些市场尚未引入国内限制措施，且当时感染率最低。中国以外，特别是欧洲的病例不断增加，以及遏制措施的出台，导致市场严重下滑。我们的研究结果强调了对传染病采取快速、全球协调的应对措施的必要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Global evidence on early effects of COVID‐19 on stock markets

We use event study approach to assess the effects of the early stages of COVID-19 on global markets. A large sample of stock markets (63) covering all key global markets and regions is included. The findings indicate that the Wuhan lockdown induces negative spillover effects on markets in Europe, North America, and other global markets that have yet to introduce domestic restrictions and have minimal infections at the time. Increasing cases outside China particularly in Europe and the introduction of containment measures result in severe market decline. Our findings highlight the need for quick, globally coordinated response to contagious diseases.

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来源期刊

Review of Financial Economics BUSINESS, FINANCE-

CiteScore

2.80

自引率

0.00%

发文量

期刊介绍： The scope of the Review of Financial Economics (RFE) is broad. The RFE publishes original research in finance (e.g. corporate finance, investments, financial institutions and international finance) and economics (e.g. monetary theory, fiscal policy, and international economics). It specifically encourages submissions that apply economic principles to financial decision making. For example, while RFE will publish papers which study the behavior of security prices and those which provide analyses of monetary and fiscal policies, it will offer a special forum for articles which examine the impact of macroeconomic factors on the behavior of security prices.