Year: 2024
Type: article
Abstract: The study aims to investigate the impact of the COVID-19 outbreak and vaccinations on market returns in Pakistan. For this purpose, the study considered a sample period of January 2019 to December 22. This study 14 events of the COVID-19 outbreak and 09 events to establish the impact of Covid-19 and vaccination on capital market returns. The study reveals the strong negative impact of COVID-19 proxies such as 1st wave, 2nd wave, travel restrictions, and travel lockdown on market returns. Meanwhile, vaccination has a positive effect on Pakistan's market returns. Future research can be conducted to compare the impact of COVID-19 on different sectors of the stock market.
Authors: Wajiha Tariq, Sarah Qaim, Khurram Jawad, Rizwana Hayat, Shahzad Hussain
Language: English
Topic: COVID-19 Pandemic Impacts
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405996403