COVID-19 containment measures and stock market returns: An international spatial econometrics investigation

Christos Alexakis, Konstantinos Eleftheriou and Patroklos Patsoulis ()
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Christos Alexakis: ESC [Rennes] - ESC Rennes School of Business

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Abstract: We investigate the impact of governments' social distancing measures against the novel coronavirus disease 2019 (COVID-19) as this was reflected on 45 major stock market indices. We find evidence of negative direct and indirect (spillover) effects for the initial period of containment measures (lockdown).

Keywords: COVID-19; Government policy responses; Spillover effects; Stock market volatility (search for similar items in EconPapers)
Date: 2021-03
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Note: View the original document on HAL open archive server: https://rennes-sb.hal.science/hal-03163917
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Published in Journal of Behavioral and Experimental Finance, 2021, 29, pp.100428. ⟨10.1016/j.jbef.2020.100428⟩

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Journal Article: COVID-19 containment measures and stock market returns: An international spatial econometrics investigation (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03163917

DOI: 10.1016/j.jbef.2020.100428

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