 Covid-19 and its impact on the stock market in GCCJournal of Sustainable Finance & Investment, 2024, vol. 14, issue 1, 220-236 Abstract: Although there is a common view that the impact of Covid-19 should be similar among stock markets globally, empirical examinations of this issue are lacking. This study investigates the impacts of Covid-19 on the stock markets of countries in Gulf Cooperation Council (GCC) between September 2019 to July 2020. The findings of conventional t-test and non-parametric Mann-Whitney tests suggest that Covid-19 had a negative short-term impact on stock markets in GCC. This study also found that the stock markets of GCC countries are comparatively less impacted as compared to the effects suffered by the global stock markets. Lastly, the findings have confirmed the bidirectional spill over effect on GCC stock markets due to movements in Chinese stock market. The findings have potentially contributed to the ongoing research on Covid-19 impacts on global stock markets and provides a reference to assess the future trends in global stock market once pandemic subsides. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:jsustf:v:14:y:2024:i:1:p:220-236 Ordering information: This journal article can be ordered from DOI: 10.1080/20430795.2021.1944036 Access Statistics for this article Journal of Sustainable Finance & Investment is currently edited by Dr Matthew Haigh More articles in Journal of Sustainable Finance & Investment from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.