The impact of COVID-19 on MENA region stock markets | ||||
| المجلة العلمية لکلية التجارة (أسيوط) | ||||
| Volume 41, Issue 73, December 2021, Page 359-382 PDF (718.29 K) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/sjcf.2021.246545 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
Hoda Mansour  1; Solaiman Hassan2; Salwa Abdel Aziz3
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| 1Associate Professor of economics, University of Business and Technology | ||||
| 2Lecturer of Economics, Assuit University | ||||
| 3Lecturer of Economics, Cairo University | ||||
| Abstract | ||||
| The short term effect of the coronavirus outbreak on leading MENA stock market indices is assessed in this paper. The effects of infectious disease are important, and they have had a direct impact on financial markets around the world. Using panel data, our findings show that stock markets in major affected countries and areas dropped sharply following the virus outbreak. When compared to other nations, MENA region experienced more negative abnormal returns. Further panel data regression test supports the negative effect of COVID-19 reported death cases on stock indices abnormal returns through an efficient channel by aggregating investors' pessimistic outlook on potential returns and fears of uncertainty. | ||||
| Keywords | ||||
| COVID-19; stock market; panel data; MENA region stock markets | ||||
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