发展中国家股市对COVID-19的反应:来自南盟地区的证据

Q3 Social Sciences

International Journal of Global Environmental Issues Pub Date : 2021-01-01 DOI:10.1504/ijgenvi.2021.10043862

S. Mishra, P. Mishra

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引用次数: 0

摘要

本研究考察了股票市场对南盟国家前所未有的COVID-19大流行疫情的反应。在新冠肺炎疫情迅速蔓延的情况下，投资者的悲观情绪导致这些国家的股市回报率大幅波动，这一结果也证明了这一点。媒体对大流行病相关信息的密集报道削弱了投资者的情绪，导致南盟区域市场突然暴跌。疫情期间，南盟国家股市表现受到新冠肺炎确诊病例和死亡病例数量以及恐惧指数变动的影响。这意味着南盟地区的股票市场不具备半强信息效率的资格。这对投资者来说很重要。

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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Stock markets' responses to COVID-19 in developing countries: evidence from the SAARC region

This study examined the stock markets' responses to the unprecedented outbreak of the COVID-19 pandemic in SAARC countries. The results support these countries' surge in stock market return volatilities amid the rapid spread of the COVID-19 infection caused by investors' pessimistic sentiments. The intensive media coverage of information related to the pandemic has weakened investors' sentiments and caused sudden market plunges in the SAARC region. During the pandemic, the performances of the stock markets in SAARC countries are found to be influenced by the number of COVID-19 confirmed and death cases, and movements in the fear index. The implication is that the stock markets of the SAARC region do not qualify to be semi-strong information efficient. This implication is important for investors.

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来源期刊

International Journal of Global Environmental Issues Social Sciences-Geography, Planning and Development

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： IJGEnvI is a refereed reference and authoritative source of information in the field. Facing up to the challenge of longer-term issues, it completes the trio of journals (together with the IJEP and IJETM) which offer a comprehensive view of the key issues in the environmental debate.