Publication Information
Published by: Admin
Published: 2 years ago
View: 1
Pages: 43
ISBN:
Download PDF (EN)
Abstract
This study examines the reaction of stock market returns to the COVID-19 pandemic (cases and deaths) and government policy interventions (GPIs) using the indices of stock markets of 11 African countries. We employ a combination of times series (OLS) and panel (pooled OLS and panel VAR) estimation methods. Evidence from the time series shows that announcement of COVID-19 confirmed cases leads to a decline in stock returns in countries like Cote D’Ivoire, Egypt, Morocco, Nigeria and Uganda by 0.005%, 0.003%, 0.012%, 0.011% and 0.014% respectively. Similarly, the announcement of GPIs also results in a decline in stock returns in countries like Cote D’Ivoire, Kenya, Morocco, Namibia and Nigeria by 0.002%, 0.035%, 0.035%, 0.022% and 0.048% respectively.
Related Publications
VOLUME 4 ISSUE 3 2022
Impact of fiscal policy on the growth of small and medium
2 years ago
0
shares
Tax policy is one of the factors that affect the p
VOLUME 4 ISSUE 3 2022
COVID-19 Pandemic Government Policy Responses and Stock Market Performance in Some Selected African Countries
2 years ago
0
shares
This study examines the reaction of stock market r
VOLUME 4 ISSUE 3 2022
Models of Financial Stability and the Intermediation Puzzle
2 years ago
0
shares
This study examined the effect of financial interm