Effect of COVID-19 outbreak towards banking and finance industry

Bakar, Nashirah Abu; Rosbi, Sofian

doi:10.22161/ijaems.73.1

IJAEMS

2021

DOI: 10.22161/ijaems.73.1

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Effect of COVID-19 outbreak towards banking and finance industry

Nashirah Abu Bakar¹,

Sofian Rosbi²

Abstract: The coronavirus disease COVID-19 spreading throughout the worldwide with the total confirmed affected cases is 96,658,420, including 2,092,062 deaths, reported to WHO on 23 rd January 2021. These numbers proved that COVID-19 become most affected virus in year of 2021. This virus affected all market segments of economic activities including banking and finance industry. The objective of this study is to evaluate the economic impact of COVID-19 outbreak towards banking and finance industry. This study selected … Show more

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Cited by 2 publications

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Applications of Mobile Payment Services in Financial Strategies: State-of-the-Art, Taxonomy and Upcoming Directions with a Focus on Pandemic Crisis

Liu¹,

Latifian

et al. 2023

Int. J. Info. Tech. Dec. Mak.

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Amid the pandemic infection, people are bound to use contactless mobile payment (M-Payment) services. M-Payment is a payment method using an application in a mobile device, such as a mobile phone, and gadget. Owing to the convenience, reliability and contact-free feature of M-Payment, it has been diffusely adopted to reduce the direct and indirect contacts in transactions, allowing social distancing to be maintained and facilitating the stabilization of the social economy. Consequently, it has become one of the day’s most important topics. Therefore, the purpose of this study is to provide a systematic literature review (SLR) on the applications of M-payment services in financial strategies, focusing on the pandemic crisis. 19 papers were collected and divided into three groups for further analysis. The results showed that M-Payments applications in financial strategies during the pandemic crisis could help reduce the spread of infection risks by hastening the transition to touchless habits.

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Applications of Mobile Payment Services in Financial Strategies: State-of-the-Art, Taxonomy and Upcoming Directions with a Focus on Pandemic Crisis

Liu¹,

Latifian

et al. 2023

Int. J. Info. Tech. Dec. Mak.

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GARCH Model for Evaluating Volatility Based on the Share Price of Airlines Company During the COVID-19 Outbreak

Bakar

Rosbi

Uzaki

2022

IJMSBA

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The COVID-19 outbreak has affected economic activities in the worldwide financial market. The instability of financial markets makes investors uncomfortable because there is not enough study to prove the volatility of share price movements. One of the most affected sectors is tourism namely airlines company. Therefore, this study is implemented to analyze the volatility rate for the share price of financial markets based on airlines company. This study uses one sample of companies from Malaysia Stock Exchange for an airline company that was affected by the COVID-19 outbreak. Data were collected from February 2020 until June 2022. The number of daily observations is 545 days. The distribution of return rate data follows non-normal distribution according to Jarque-Bera statistical test. Next, this study performed three types of unit root tests namely ADF, PP, and KPSS. All three statistical tests agreed that the return data achieved stationarity characteristics at the level. The mean equation for this study is using ARMA (2,2). Then, this study uses Generalized Auto-Regressive Conditional Heteroskedasticity (GARCH) for modeling volatility. The result shows there is high volatility clustering that exists during the COVID-19 outbreak. The value of AIC, SC, and HQN show the fittest model is TGARCH (1,1). The threshold effect is positive and significant. Therefore, the bad news is likely to be pronounced rather than the good news. Thus, it is important to investors in carefully evaluate their investment strategy to reduce their investment risk. The findings of this study help the government to develop suitable policies in assisting the economic and financial stability

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Effect of COVID-19 outbreak towards banking and finance industry

Cited by 2 publications

References 4 publications

Applications of Mobile Payment Services in Financial Strategies: State-of-the-Art, Taxonomy and Upcoming Directions with a Focus on Pandemic Crisis

Applications of Mobile Payment Services in Financial Strategies: State-of-the-Art, Taxonomy and Upcoming Directions with a Focus on Pandemic Crisis

GARCH Model for Evaluating Volatility Based on the Share Price of Airlines Company During the COVID-19 Outbreak

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