News about COVID-19: Unraveling the Market Reactions and Investor Sentiment across Different Stock Exchanges

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43924221" target="_blank" >RIV/62156489:43110/23:43924221 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.31577/ekoncas.2023.04-05.01" target="_blank" >https://doi.org/10.31577/ekoncas.2023.04-05.01</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.31577/ekoncas.2023.04-05.01" target="_blank" >10.31577/ekoncas.2023.04-05.01</a>

Jazyk výsledku

angličtina

Název v původním jazyce

News about COVID-19: Unraveling the Market Reactions and Investor Sentiment across Different Stock Exchanges

Popis výsledku v původním jazyce

This paper examines the impact of news regarding the spread of the corona-virus on stock market returns. We investigate this impact across different geo-graphical regions and behavioral aspects through regression analysis. Specifically, we explore the relationship between stock returns and factors such as investors&apos; attention, the number of new positive COVID-19 cases and deaths, and govern-ment measures implemented during the pandemic. Our findings reveal that news concerning new deaths associated with the virus and attention towards the vaccine significantly affected stock markets in Europe, the United States, and globally. Notably, these effects were observed prior to the approval of the first vaccine. However, our analysis does not confirm these results for the Japanese and Chinese stock markets. As a result, we argue that the Japanese stock market presents an opportunity for diversification during similar shocks. These findings contribute to a deeper understanding of the dynamics between public health crises and financial markets.

Název v anglickém jazyce

News about COVID-19: Unraveling the Market Reactions and Investor Sentiment across Different Stock Exchanges

Popis výsledku anglicky

This paper examines the impact of news regarding the spread of the corona-virus on stock market returns. We investigate this impact across different geo-graphical regions and behavioral aspects through regression analysis. Specifically, we explore the relationship between stock returns and factors such as investors&apos; attention, the number of new positive COVID-19 cases and deaths, and govern-ment measures implemented during the pandemic. Our findings reveal that news concerning new deaths associated with the virus and attention towards the vaccine significantly affected stock markets in Europe, the United States, and globally. Notably, these effects were observed prior to the approval of the first vaccine. However, our analysis does not confirm these results for the Japanese and Chinese stock markets. As a result, we argue that the Japanese stock market presents an opportunity for diversification during similar shocks. These findings contribute to a deeper understanding of the dynamics between public health crises and financial markets.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Ekonomický časopis

ISSN

0013-3035

e-ISSN

0013-3035

Svazek periodika

71

Číslo periodika v rámci svazku

4-5

Stát vydavatele periodika

SK - Slovenská republika

Počet stran výsledku

19

Strana od-do

281-299

Kód UT WoS článku

001105470200001

EID výsledku v databázi Scopus

2-s2.0-85179978072