Cyclical industries’ stock performance reaction during COVID-19: A Systematic Literature Review

Q3 Economics, Econometrics and Finance

Jurnal Ekonomi Malaysia Pub Date : 2021-01-01 DOI:10.17576/jem-2021-5501-11

Norhamiza Ishak, Hanita Kadir, Ricky Chia Chee

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引用次数: 3

Abstract

This study explores the impact of COVID-19 on stock market reactions of cyclical and non-cyclical industries during the pandemic. This paper aims to provide a systematic literature review (SLR) of studies done on the effect of COVID-19 on stock price. The PRISMA Statement (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) guided this study through an SLR within the month of October 2020. Under the PRISMA, the study was scrutinized through three process: 1) defining clear research questions that permit a systematic research, 2) identifying the inclusion and exclusion criteria, and 3) examining large databases of scientific literature in a defined time. A total of 18 out of 56 papers were identified and analysed to give better understanding of the pandemic’s effect on industry companies and the methodologies adopted in past studies. This paper analyses the major theme, namely cyclical industries impacted by COVID-19. The industries experiencing such value destructions include tourism, airlines, restaurants and transportation. The findings of this review are expected to have implications on investors, academicians and the public at large, particularly with regards to how unprecedented events such as COVID-19 can inflict economic damage. © 2021 Penerbit Universiti Kebangsaan Malaysia. All rights reserved.

查看原文本刊更多论文

周期性行业在COVID-19期间的股票表现反应:系统文献综述

本研究探讨新冠肺炎疫情对周期性和非周期性行业股市反应的影响。本文旨在对COVID-19对股票价格影响的研究进行系统的文献综述。PRISMA声明(系统评价和荟萃分析的首选报告项目)在2020年10月通过单反指导了本研究。在PRISMA下，研究通过三个过程进行审查:1)确定明确的研究问题，允许进行系统研究;2)确定纳入和排除标准;3)在规定的时间内检查大型科学文献数据库。在56篇论文中，共确定和分析了18篇，以便更好地了解大流行对工业公司的影响以及过去研究中采用的方法。本文分析了主要主题，即受新冠肺炎影响的周期性行业。经历这种价值破坏的行业包括旅游业、航空业、餐饮业和运输业。此次审查的结果预计将对投资者、学者和广大公众产生影响，特别是在COVID-19等前所未有的事件如何造成经济损失方面。©2021马来西亚Penerbit大学。版权所有。

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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来源期刊

Jurnal Ekonomi Malaysia Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： Jurnal Ekonomi Malaysia (JEM) is a Scopus indexed peer reviewed journal published by UKM Press (Penerbit UKM), Universiti Kebangsaan Malaysia. The journal publishes original research articles as well as short notes, comments and book reviews on all aspects of economics, particularly those pertaining to the developing economies. Articles are published in both English and Malay.