COVID-19 Pandemic and Stock Market Response: A Culture Effect

Cryptocurrency price discrepancies under uncertainty: Evidence from COVID-19 and lockdown nexus

“…Fourth, enlightened by Fernandez-Perez et al (2021) , which states that culture has a deep influence on the way of investors’ response to the pandemic, we examine how individualism/collectivism affects our benchmark pattern. We use the Individualism Index to measure the extent of individualism within a country.…”

The Quest for Multidimensional Financial Immunity to the COVID-19 Pandemic: Evidence from International Stock Markets

“…To the best of our knowledge, there are only several studies considering the market-level immunity. These include Ashraf (2020c) and Fernandez-Perez et al (2020), who examine the role of national cultures, Iyke (2020b) exploring the importance of foreign exchange rates, Erdem (2020) scrutinizing different political regimes, or Phan and Narayan (2020) and Narayan et al (2020) who check the effect government policies.…”

How Borsa Istanbul (Bist) Reacts to the Novel Coronavirus: The Covid-19 Case

“…As stated by Ashraf (in press), such uncertainty will influence the financial markets as well since it will become more difficult to make predictions about the asset prices. Accordingly, negative stock returns have been found in the stock markets around the world as a result of this uncertainty documented in the works of Al-Awadhi et al (2020), Ashraf (2020), Chia et al (2020), Khan et al (2020), andFernandez-Perez et al (2021).…”