Covid-19 Data Manipulation and Reaction of Stock Markets

Monika Bolek () and Cezary Bolek ()
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Monika Bolek: University of Lodz
Cezary Bolek: University of Lodz

Asia-Pacific Financial Markets, 2024, vol. 31, issue 1, No 6, 137-164

Abstract: Abstract The influence of Covid-19 pandemic crisis on rates of return is analyzed in this paper in the light of possible data manipulation related to reporting systems provided by the administration in the USA, Turkey and Poland. The study used various methods of analyzing the relationship of a discrete, non-discrete and dichotomous data nature between the studied variables. As a result, the strongest reaction of the market was observed in Turkey followed by the USA and Poland. It can be concluded that the reaction of the surveyed markets was influenced by the data manipulations. The added value of the article is related to the use of various methods to study phenomena and detect the impact of data manipulation on the markets.

Keywords: Covid-19 cases; Market rates of return; Correlation (search for similar items in EconPapers)
JEL-codes: C82 G14 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10690-023-09409-8

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