IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS
In this study, we examine the both local and global Covid-19 deaths and confirmed cases impact on stock markets return. We use the daily data from 26 countries, which are classified as emerging financial markets. According to the findings, a decrease in emerging stock market returns is not only due...
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| Format: | Article |
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Mehmet Akif Ersoy University
2021-11-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/1694621 |
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| _version_ | 1832584415779225600 |
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| author | Mustafa Emir Yücel Özlem Fikirli Hasan Şahin |
| author_facet | Mustafa Emir Yücel Özlem Fikirli Hasan Şahin |
| author_sort | Mustafa Emir Yücel |
| collection | DOAJ |
| description | In this study, we examine the both local and global Covid-19 deaths and confirmed cases impact on stock markets return. We use the daily data from 26 countries, which are classified as emerging financial markets. According to the findings, a decrease in emerging stock market returns is not only due to local confirmed cases, but also from global confirmed cases. Our analysis also suggests that while an increase in total confirmed cases within the local variables leads to more decrease, total deaths within the global variables cause more decline in returns. When we consider the change in the stock market returns brought about by both local and global level confirmed cases rates and death rates increase, all global level variables (new confirmed cases, total confirmed deaths, new confirmed cases) except total confirmed cases lead to more decline. In other words, even if the countries control the covid-19 locally, the negative global impact on the stock market will continue. |
| format | Article |
| id | doaj-art-de76db2d36024552ac6d45bad6ce313b |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2021-11-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-de76db2d36024552ac6d45bad6ce313b2025-01-27T14:05:29ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582021-11-01831658166910.30798/makuiibf.912345273IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETSMustafa Emir Yücel0https://orcid.org/0000-0002-3189-7338Özlem Fikirli1https://orcid.org/0000-0002-4003-7276Hasan Şahin2https://orcid.org/0000-0001-5922-068XBARTIN ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, İKTİSAT BÖLÜMÜANKARA ÜNİVERSİTESİ, SİYASAL BİLGİLER FAKÜLTESİ, İKTİSAT BÖLÜMÜ, İKTİSAT PR.ANKARA ÜNİVERSİTESİ, SİYASAL BİLGİLER FAKÜLTESİ, İKTİSAT BÖLÜMÜ, İKTİSAT PR.In this study, we examine the both local and global Covid-19 deaths and confirmed cases impact on stock markets return. We use the daily data from 26 countries, which are classified as emerging financial markets. According to the findings, a decrease in emerging stock market returns is not only due to local confirmed cases, but also from global confirmed cases. Our analysis also suggests that while an increase in total confirmed cases within the local variables leads to more decrease, total deaths within the global variables cause more decline in returns. When we consider the change in the stock market returns brought about by both local and global level confirmed cases rates and death rates increase, all global level variables (new confirmed cases, total confirmed deaths, new confirmed cases) except total confirmed cases lead to more decline. In other words, even if the countries control the covid-19 locally, the negative global impact on the stock market will continue.https://dergipark.org.tr/en/download/article-file/1694621covid-19stock market returnsemerging marketspandemiccovid-19borsa getirilerigelişmekte olan piyasalarpandemi |
| spellingShingle | Mustafa Emir Yücel Özlem Fikirli Hasan Şahin IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi covid-19 stock market returns emerging markets pandemic covid-19 borsa getirileri gelişmekte olan piyasalar pandemi |
| title | IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS |
| title_full | IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS |
| title_fullStr | IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS |
| title_full_unstemmed | IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS |
| title_short | IMPACTS OF GLOBAL AND LOCAL COVID-19 CASES ON EMERGING STOCK MARKETS |
| title_sort | impacts of global and local covid 19 cases on emerging stock markets |
| topic | covid-19 stock market returns emerging markets pandemic covid-19 borsa getirileri gelişmekte olan piyasalar pandemi |
| url | https://dergipark.org.tr/en/download/article-file/1694621 |
| work_keys_str_mv | AT mustafaemiryucel impactsofglobalandlocalcovid19casesonemergingstockmarkets AT ozlemfikirli impactsofglobalandlocalcovid19casesonemergingstockmarkets AT hasansahin impactsofglobalandlocalcovid19casesonemergingstockmarkets |