Information disclosure of COVID-19 specific medicine and stock price crash risk in China [0.03%]
新冠肺炎指定药物信息披露与A股股票价格崩盘风险研究
Jiangjiao Duan,Jingjing Lin
Jiangjiao Duan
This study investigates the impact of information disclosure of COVID-19 specific medicine on stock price crash risk. To achieve this goal, crawling massive announcements of listed companies in China and using OCR (optical character recogni...
Pamela Peterson Drake
Pamela Peterson Drake
The belief that investors shift to gold during times of economic stress, resulting in a negative correlation between gold returns and stock returns, is not supported in both the 2007-09 financial crisis and during COVID-19. However, the gol...
Fotis Papailias
Fotis Papailias
This paper investigates changes in persistence caused by the COVID-19 pandemic in the US and EA yield curves. We extract the long-term, short-term and medium-term factors and proxy the persistence by estimating the autoregressive coefficien...
Effects of monetary policy announcements on term premia in the euro area during the COVID-19 pandemic [0.03%]
新冠疫情下的欧元区货币政策公告对期限溢价的影响
Richhild Moessner,Jakob de Haan
Richhild Moessner
We study the effects of the announcement of the ECB's Pandemic Emergency Purchase Programme (PEPP) on ten-year government bond term premia in eleven euro-area countries, while controlling for other ECB statements. We find that the term prem...
Response of stock market volatility to COVID-19 announcements and stringency measures: A comparison of developed and emerging markets [0.03%]
新冠疫情公告和严格措施对股票市场波动性的影响：发达市场与新兴市场的比较响应
Walid Bakry,Peter John Kavalmthara,Vivienne Saverimuttu et al.
Walid Bakry et al.
We investigate the relationship between the daily release of COVID-19 related announcements, defensive government interventions, and stock market volatility, drawing upon an extended time period of one year, to independently test, confirm a...
COVID-19 impact on digital companies' stock return: A dynamic data analysis [0.03%]
新冠肺炎疫情对数字公司股票收益的影响：基于动态数据的分析
Kais Ben-Ahmed,Imen Ayadi,Salah Ben Hamad
Kais Ben-Ahmed
The coronavirus crisis impact on the digital sector is undoubtedly an important issue that deserves to be studied. Researchers mostly focused on specific sectors such as tourism, healthcare sector, or the economy. This paper used a dynamic ...
Tracking safe haven properties of cryptocurrencies during the COVID-19 pandemic: A smooth transition approach [0.03%]
新冠肺炎疫情期间采用平滑过渡方法追踪加密货币的安全避风港属性
Abir Melki,Nourhaine Nefzi
Abir Melki
The study aims to examine the hedge and safe-haven properties of three heavyweight cryptocurrencies-Bitcoin, Ripple, and Ethereum-against the stock, commodity, and foreign exchange markets. The study sample covers the period of August 2011 ...
Local versus global factors weighing on stock market returns during the COVID-19 pandemic [0.03%]
COVID-19疫情期间影响股票收益的本地与全球因素
Catalin Dragomirescu-Gaina,Dionisis Philippas
Catalin Dragomirescu-Gaina
We use stock market returns and a new, weekly available, GDP tracker to estimate a structural VAR identified with long-run restrictions. We find that global 'news' contribute more than local 'news' shocks to explaining the recent variance o...
The impact of government interventions on cross-listed securities: Evidence from the COVID-19 pandemic [0.03%]
政府干预对上市证券影响的实证研究——来自新冠疫情的证据
David Y Aharon,Ahmed S Baig,R Jared DeLisle
David Y Aharon
This paper examines the impact of COVID-19 related governments' interventions on the volatility and liquidity of American depository receipts (ADRs). Using a wide dataset of 387 ADRs from 34 countries around the globe, we provide an examina...
The value of reputation capital during the COVID-19 crisis: Evidence from Japan [0.03%]
新冠肺炎危机期间声誉资本的价值——来自日本的证据
Tomonori Manabe,Kei Nakagawa
Tomonori Manabe
This study investigates the value of reputation capital with regard to the stock market crash in the early stages of the COVID-19 pandemic. At that time, when stock prices fell precipitously, firms with a positive reputation for the usefuln...