Response of Financial Markets to COVID-19 Pandemic: A Review of Literature on Stock Markets

Title : Response of Financial Markets to COVID-19 Pandemic: A Review of Literature on Stock Markets

Authors :
1. Bayu Arie Fianto
2. Masagus M. Ridhwan
3. Syed Alamdar Ali Shah
4. Muhammad Faris
5. Rafiatul Adlin Hj Mohd Ruslan

Department : Islamic Economics

Journal Name : Emerging Science Journal

Kinds of Journal : Scopus Q4

Keywords : COVID-19 Crisis; Stock Markets; Thematic & Bibiometric Analysis; Economic Growth; Managerial Implications

ABSTRACT

The objective of this research is to consolidate the literature published on the COVID-19 crisis impact on global stock markets to gain managerial implications from the crisis. It performs a thematic bibliometric review of the literature published in Scopus-ranked journals since the beginning of the pandemic using FCWI, Piecharts, and VOSViewer. It identifies the most under-researched regions and eight emerging sub-themes. The research finds that the benchmark theme is market behavior during the COVID-19 crisis, whereas an emerging benchmark theme is the markets after the COVID-19 crisis. The holistic view of the literature supporting eight sub-themes suggests that the government's role is of utmost importance to handle the impact of the COVID-19 crisis, which should be industry-specific. It identifies that all eight sub-themes of the research are the future research directions in all and specifically in the South American, African, South East Asian, and Oceania regions until the crisis continues.

For details : https://ijournalse.org/index.php/ESJ/article/view/1190