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

Christos Alexakis, Konstantinos Eleftheriou and Patroklos Patsoulis ()

Journal of Behavioral and Experimental Finance, 2021, vol. 29, issue C

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)
JEL-codes: C23 G15 I18 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214635020303555

Related works:
Working Paper: COVID-19 containment measures and stock market returns: An international spatial econometrics investigation (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:29:y:2021:i:c:s2214635020303555

DOI: 10.1016/j.jbef.2020.100428

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().