scholarly journals Liability of Foreignness in Global Stock Markets: Liquidity Dynamics of Foreign IPOs in the US

2017 ◽  
Author(s):  
Chiara Banti ◽  
Gary C. Biddle ◽  
Igor Filatotchev ◽  
Jonathan Jona
Keyword(s):  
Stock Markets ◽  
Liability Of Foreignness ◽  
The Us ◽  
Global Stock Markets ◽  
Foreign Ipos ◽  
Global Stock

scholarly journals Analysis of the effect of coronavirus (covid-19) on the development of the world economic system

2020 ◽  
Vol 3 (11) ◽  
pp. 143-156
Author(s):  
N.M. Makhmudov ◽  
Alimova Guzal Alisherovna ◽  
A.A. Kazakov
Keyword(s):  
Economic System ◽  
Stock Markets ◽  
The World Bank ◽  
The Us ◽  
The World ◽  
World Economic ◽  
Global Stock Markets ◽  
National Economies ◽  
The Impact ◽  
Global Stock

The article provides a comprehensive analysis of the impact of the coronavirus COVID-19 on the global economic system. In particular, the authors analyze the onset of a pandemic and the characteristics of the new coronavirus. The conclusions about the unpreparedness of the world community for global threats caused by the outbreak of the disease are supported by the World Bank's arguments about the unpreparedness of countries for catastrophic epidemics. The authors combined the main threats identified by the World Bank into a single system. COVID-19 has had a significant impact on global stock markets. With the increase in the number of people infected with coronavirus, the tension among investors also grew. By the end of February this year, a crash occurred in the US stock markets, the authors attribute it to an underestimation of the spread of the virus, and as a result, this led to the breakdown of many trading chains and the lack of certainty and stability. The article also analyzes the impact of coronavirus on the economy of key countries of the world. It also examined the economic mechanisms used by these countries to mitigate the effects of COVID-19 and support the economy. In conclusion, key conclusions were drawn about the impact and consequences of COVID-19 on national economies and the global system.

scholarly journals If worst comes to worst: Co-movement of global stock markets in the US-China trade war

2020 ◽  
Vol 9 (1) ◽  
pp. 21 ◽  
Author(s):  
Toan Luu Duc Huynh ◽  
Tobias Burggraf
Keyword(s):  
Stock Markets ◽  
Heavy Tails ◽  
China Trade ◽  
Movement Characteristics ◽  
The Us ◽  
Trade War ◽  
Global Stock Markets ◽  
Dependency Structures ◽  
European Equity ◽  
Global Stock

This paper investigates the co-movement characteristics of global stock markets in the context of the US-China trade war. By applying a set of different trivariate Copulas, our results suggest that markets co-move symmetrically in the pre-trade war period, but exhibit negative downside movements and heavy tails during the trade war. Furthermore, we find evidence for left-tail dependency structures during that period. Most importantly, this study finds that the trade war poses a systematic risk on global markets, which potentially can trigger simultaneous market downside trends. Our results are robust across different European equity market indices.

Winter Is Coming: Repercussions of a New COVID-19 Wave in Global Stock Markets

2020 ◽  
Author(s):  
Panagiotis Lazaris ◽  
Anastasios Petropoulos ◽  
Vasileios Siakoulis ◽  
Evangelos Stavroulakis ◽  
Nikos Vlachogiannakis ◽  
...  
Keyword(s):  
Stock Markets ◽  
Global Stock Markets ◽  
Global Stock

COVID-19 and overconfidence bias: the case of developed, emerging and frontier markets

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vijay Kumar Shrotryia ◽  
Himanshi Kalra
Keyword(s):  
Stock Markets ◽  
Impulse Response Functions ◽  
Economic Activities ◽  
Content Type ◽  
Long Run ◽  
Governance Practices ◽  
Global Stock Markets ◽  
Developed Stock Markets ◽  
Overconfidence Bias ◽  
Global Stock

PurposeThe main purpose of the present study is to delve into the overconfidence bias in global stock markets during both pre COVID-19 and COVID-19 phases.Design/methodology/approachThe present study makes use of daily adjusted closing prices and volume of the broad market indices of 46 global stock markets over a period ranging from July 2015 till June 2020. The sample period is split into pre COVID-19 and COVID-19 phases. In order to test the overconfidence fallacy in the chosen stock markets, bivariate market-wide vector auto regression (VAR) models and impulse response functions (IRFs) have been employed in both phases.FindingsA highly significant contemporaneous relationship between market return and volume appears to be more pronounced in the Japanese, US, Chinese and Vietnamese stock markets in the pre COVID-19 era for the relevant coefficients are positive and highly significant for most lags. Coming to the period of turbulence, the present study discovers strong overconfident behavior in the Chinese, Taiwanese, Turkish, Jordanian and Vietnamese stock markets during COVID-19 phase.Practical implicationsA stark finding is that none of the developed stock markets reveal strong overconfidence bias during pandemic, suggesting a loss or decline in the investors' confidence. Therefore, the regulators should try to regain the investors' trust and confidence in the markets by ensuring honest, fair and transparent practices. The money managers should reduce the transaction cost to encourage trading and educate investors to hold a well-diversified portfolio to mitigate risk in the long run. The governments may launch recovery packages focusing on sustaining and improving economic activities. Finally, a better investment culture may be built by the corporate houses through good corporate governance practices to regain lost trust.Originality/valueThe present study appears to be the very first attempt to gauge overconfidence bias in the wake of a recent COVID-19 pandemic.

COVID-19 Vaccines: Saving Lives and the Global Stock Markets

2021 ◽  
Author(s):  
Kam Fong Chan ◽  
Zhuo Chen ◽  
Yuanji Wen ◽  
Tong Xu
Keyword(s):  
Stock Markets ◽  
Global Stock Markets ◽  
Global Stock
Sign in / Sign up

Export Citation Format

Share Document