2022
DOI: 10.1016/j.irfa.2021.101837
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The impact and role of COVID-19 uncertainty: A global industry analysis

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Cited by 70 publications
(56 citation statements)
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“…Financial markets reflect economic expectations ( Alexakis et al, 2021 ). Thus, great uncertainty rises following the unprecedented pandemic, which permeates every aspect of life and business ( Szczygielski, Charteris, Bwanya, & Brzeszczynski, 2022 ), and leads to the increasing pessimistic sentiment of investors. It is known that the China's stock market was closed during 24 January to 2 February 2020.…”
Section: Empirical Findingsmentioning
confidence: 99%
“…Financial markets reflect economic expectations ( Alexakis et al, 2021 ). Thus, great uncertainty rises following the unprecedented pandemic, which permeates every aspect of life and business ( Szczygielski, Charteris, Bwanya, & Brzeszczynski, 2022 ), and leads to the increasing pessimistic sentiment of investors. It is known that the China's stock market was closed during 24 January to 2 February 2020.…”
Section: Empirical Findingsmentioning
confidence: 99%
“…Although the empirical research question remains focused on COVID-19 and stock market behavior, the approach to measuring COVID-19's impact varies considerably. For example, existing literature documents operationalization of Global COVID-19 fear index ( Al-Awadhi et al, 2020 , Mazumder and Saha, 2021 ; Salisu et al, 2020a; Salisu and Akanni, 2020 , Rubbaniy et al, 2021 , Zhang et al, 2021 ) measured from the daily death and confirmed cases, Feverish sentiment ( Huynh et al, 2021 ), pandemic anxiety indexes ( Yu et al, 2021 ), the COVID19+positive sentiment index ( Anastasiou et al, 2022 ), Equity Market Volatility Infectious Disease Tracker (EMV) ( Al Rababa'a et al, 2021 , Bai et al, 2021 , Baker et al, 2020 , Bouri et al, 2021 ; Salisu et al, 2020b), Pandemic intensity information search ( Goel and Dash, 2021 ), Coronavirus-related news (Biktimirov et al, 2020; Sun et al, 2021 ), COVID-19 Twitter intensity ( Al Guindy, 2021 ), investor attention or pandemic attention through GSVI ( Costola et al, 2021 , Smales, 2021 , Smales, 2020 , Tripathi and Pandey, 2021 , Xu et al, 2021 ), and pandemic-induced fear sentiment or pandemic uncertainty ( Chen et al, 2020 , Chundakkadan and Nedumparambil, 2021 , Liu et al, 2021 , Lyócsa et al, 2020 , Paule-Vianez et al, 2021 , Su et al, 2021 , Subramaniam and Chakraborty, 2021 , Szczygielski et al, 2022 ; Vasileiou, 2021). Table 1 presents a brief overview of recent literature and its findings.…”
Section: Review Of Related Literaturementioning
confidence: 99%
“…Existing research highlights that the empirical analysis of information in Google’s relative search volume index can help measure public attention on the global epidemic and its spread ( Effenberger et al, 2020 , Ginsberg et al, 2009 ) and household sentiment ( Da et al, 2015 ). A rise in the number of internet searches during the COVID-19 crisis induced a faster rate of information flow into financial markets ( Costola et al, 2021 , Smales, 2021 , Tripathi and Pandey, 2021 ), enhancing the fear of the pandemic ( Su et al, 2021 ) and therefore, a higher search volume index of pandemic information can be interpreted as a measure of coronavirus-related uncertainty and perceived risk ( Chundakkadan and Nedumparambil, 2021 , Szczygielski et al, 2022 , Wang et al, 2021 ). We use daily data of the GSVI to capture COVID-19 pandemic information demand and investor FEARS sentiment index.…”
Section: Introductionmentioning
confidence: 99%
“…These changes cause structural and other swings in various fields of society, in particular, the financial sector, which is one of the first to respond to global challenges. Thus, recent events related to the spread of coronavirus disease (COVID- 19) have clearly demonstrated that all markets around the world have reacted with different in value, but clearly significant changes in financial figures [3][4][5][6][7][8][9][10][11][12]. An important part of the financial sector of the economy is the insurance sector, which is integral to financial stability as a whole [13].…”
Section: Introductionmentioning
confidence: 99%