Coronavirus disease outbreak and supply chain disruption: Evidence from Taiwanese firms in China

Tang, Chia-Hsien; Chin, Chih-Yu; Lee, Yen‐Hsien

doi:10.1016/j.ribaf.2020.101355

Cited by 21 publications

(10 citation statements)

References 27 publications

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“…A concise review of cryptocurrency market behaviour is provided by Corbet et al (2019) . Specific research surrounding the COVID-19 pandemic that was used to guide our choice of data and methodological structure include that of Goodell (2020) ; Goodell and Goutte (2020) ; Goodell and Huynh (2020) , along with COVID-19 research based on fiscal response and recovery dynamics ( Seven and Yilmaz, 2021 , David et al, 2021 ); market interactions ( Lin and Su, 2021 , Goutte et al, 2020 , McIver and Kang, 2020 , Ashraf, 2020 ); supply chain disruption ( Tang et al, 2021 ) and corporate social responsibility ( Popkova et al, 2021 ).…”

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confidence: 99%

The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets

Corbet

Hou

et al. 2022

Research in International Business and Finance

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In this paper, we investigate both constant and time-varying hedge ratios in terms of the effectiveness of CSI300 index futures during the COVID-19 crisis. Using naïve, OLS and EC/ROLS strategies to estimate constant hedge ratios, results indicate that the CSI300 spot index presents decreased effectiveness using the naïve hedging strategy; however, increased effectiveness of OLS and EC hedge ratios are identified. Differential behaviour is identified when considering five newly introduced COVID-19 concept-based stock indices. Time-varying hedge ratios indicate the weakened effectiveness, ranging between 20% and 40% variance reduction. Evidence suggests that the capability of the CSI300 index futures to hedge against the risks of the COVID-19 is impaired, regardless of whether constant or time-varying hedge ratios are used. Such results provide important implications to both local and foreign investors in the Chinese stock market.

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confidence: 99%

The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets

Corbet

Hou

et al. 2022

Research in International Business and Finance

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“…First, Chinese stock market is more immune to the impact of COVID-19 than other countries (Ledwani et al, 2021) despite the fact that the first infected case was discovered there. Even, the Taiwan stock market showed sensitivity to this outbreak as A systematic literature review indicated by the irrational market response (Tang et al, 2021). Second, COVID-19 appears to have impacted stock markets in both developed and emerging countries (Singh et al, 2020).…”

Section: A Systematic Literature Reviewmentioning

confidence: 99%

What happens to the stock market during the COVID-19 pandemic? A systematic literature review

Anggraini

Utami

Wulandari

2022

PAR

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Purpose This study aims to evaluate papers that discuss the stock market during the COVID-19 pandemic to discover lessons that may be beneficial for coping with similar situations in the future. Design/methodology/approach This study used the review procedures following Hoque (2014) with modifications, including co-words analysis to map themes. The articles to be reviewed were identified by entering the search keywords “capital market” AND “Covid” and “stock market” AND “Covid” in the Scopus database. After applying a set of criteria, 89 articles were used in the subsequent analysis. The country setting and study findings are recognized, and the lessons learned are further determined. Findings As COVID-19 has been designated a global pandemic by the WHO, and its impact is seen in many countries, the setting adopted by many researchers includes two or more countries (i.e., “International”). Six clusters of themes are identified, namely, market responses, spillover/contagion, investor sentiment, investor herding, policy and asset intensity. In this way, the lessons gained cover several stock market elements, including the market, industry, investors, government and companies. Originality/value Given the importance of understanding the COVID-19 pandemic and the relevance of the stock market in indicating its severity, to the best of the authors’ knowledge, there has been no literature review research on the stock market during COVID-19. Furthermore, this study also defines what lessons can be drawn.

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“…A concise review of cryptocurrency market behaviour is provided by Corbet et al (2019). Specific research surrounding the COVID-19 pandemic that was used to guide our choice of data and methodological structure include that of ; Goodell and Goutte (2020); Goodell and Huynh (2020), along with COVID-19 research based on fiscal response and recovery dynamics (Seven and Yilmaz, 2021;David et al, 2021); market interactions (Lin and Su, 2021;Goutte et al, 2020;McIver and Kang, 2020;Ashraf, 2020); supply chain disruption (Tang et al, 2021) and corporate social responsibility (Popkova et al, 2021).…”

Section: Datamentioning

confidence: 99%

The Influence of the COVID-19 Pandemic on the Hedging Functionality of Chinese Financial Markets

Corbet

Hou

et al. 2022

SSRN Journal

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Coronavirus disease outbreak and supply chain disruption: Evidence from Taiwanese firms in China

Cited by 21 publications

References 27 publications

The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets

The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets

What happens to the stock market during the COVID-19 pandemic? A systematic literature review

The Influence of the COVID-19 Pandemic on the Hedging Functionality of Chinese Financial Markets

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