| Autor: |
Kumeka Terver Theophilus, Falayi Olabusuyi Rufus, Adedokun Adeniyi Jimmy |
| Jazyk: |
angličtina |
| Rok vydání: |
2021 |
| Předmět: |
|
| Zdroj: |
Acta Universitatis Sapientiae: Economics and Business, Vol 9, Iss 1, Pp 86-101 (2021) |
| Druh dokumentu: |
article |
| ISSN: |
2360-0047 |
| DOI: |
10.2478/auseb-2021-0005 |
| Popis: |
This paper investigates whether stock markets respond to disease pandemic referencing the case of COVID-19 in Nigeria. The paper employs three cointegrating regression models: Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, and Canonical Cointegrating Regression to analyse the effect of growth in total COVID-19 confirmed cases and related deaths in Nigeria and across the globe from 27 February 2020 to 4 September 2020 on the stock market performance. Key findings support the presence of long-run association between stock market returns and COVID-19 in Nigeria. The stock market is found to respond negatively to both domestic and global growths in total confirmed cases and deaths of COVID-19. Consequently, affected businesses in Nigeria should be assisted and bailed out by the government through practices such as tax filing, subsidies, targeted spending, and credit. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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