{"id":"https://openalex.org/W3195934528","doi":"https://doi.org/10.1111/acfi.12838","title":"The effect of COVID\u201019 on the global stock market","display_name":"The effect of COVID\u201019 on the global stock market","publication_year":2021,"publication_date":"2021-08-19","ids":{"openalex":"https://openalex.org/W3195934528","doi":"https://doi.org/10.1111/acfi.12838","mag":"3195934528"},"language":"en","primary_location":{"id":"doi:10.1111/acfi.12838","doi":"https://doi.org/10.1111/acfi.12838","is_oa":true,"landing_page_url":"https://doi.org/10.1111/acfi.12838","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/acfi.12838","source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/acfi.12838","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5053861012","display_name":"Pattanaporn Chatjuthamard","orcid":"https://orcid.org/0000-0003-1479-1969","observed_orcids":["https://orcid.org/0000-0003-1479-1969"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Pattanaporn Chatjuthamard","raw_affiliation_strings":["Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5037086626","display_name":"Pavitra Jindahra","orcid":"https://orcid.org/0000-0003-1183-1427","observed_orcids":["https://orcid.org/0000-0003-1183-1427"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Pavitra Jindahra","raw_affiliation_strings":["Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5056002637","display_name":"Pattarake Sarajoti","orcid":"https://orcid.org/0000-0002-4116-850X","observed_orcids":["https://orcid.org/0000-0002-4116-850X"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":true,"raw_author_name":"Pattarake Sarajoti","raw_affiliation_strings":["Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand"],"raw_orcid":"https://orcid.org/0000-0002-4116-850X","affiliations":[{"raw_affiliation_string":"Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081482458","display_name":"Sirimon Treepongkaruna","orcid":"https://orcid.org/0000-0002-3096-8499","observed_orcids":["https://orcid.org/0000-0002-3096-8499"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]},{"id":"https://openalex.org/I177877127","display_name":"The University of Western Australia","ror":"https://ror.org/047272k79","country_code":"AU","type":"education","lineage":["https://openalex.org/I177877127"]}],"countries":["AU","TH"],"is_corresponding":false,"raw_author_name":"Sirimon Treepongkaruna","raw_affiliation_strings":["Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand","UWA Business School, University of Western Australia, Perth, WA, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sasin Graduate Institute of Business Administration of Chulalongkorn University, Bangkok, Thailand","institution_ids":["https://openalex.org/I158708052"]},{"raw_affiliation_string":"UWA Business School, University of Western Australia, Perth, WA, Australia","institution_ids":["https://openalex.org/I177877127"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5056002637"],"corresponding_institution_ids":["https://openalex.org/I158708052"],"apc_list":{"value":3000,"currency":"USD","value_usd":3000},"apc_paid":null,"fwci":7.8123,"has_fulltext":false,"cited_by_count":55,"citation_normalized_percentile":{"value":0.97177651,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"61","issue":"3","first_page":"4923","last_page":"4953"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.9634000062942505,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.9634000062942505,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.025800000876188278,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.007899999618530273,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.9679999947547913},{"id":"https://openalex.org/keywords/international-stock-markets","display_name":"international stock markets","score":0.8169999718666077},{"id":"https://openalex.org/keywords/market-quality","display_name":"market quality","score":0.8009999990463257},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7649999856948853},{"id":"https://openalex.org/keywords/realized-volatility","display_name":"realized volatility","score":0.9750000238418579},{"id":"https://openalex.org/keywords/jump-processes","display_name":"jump processes","score":0.3959999978542328},{"id":"https://openalex.org/keywords/co-jumps","display_name":"co-jumps","score":0.9810000061988831},{"id":"https://openalex.org/keywords/confirmed-cases","display_name":"confirmed cases","score":0.5979999899864197},{"id":"https://openalex.org/keywords/covid-19-mortality","display_name":"COVID-19 mortality","score":0.8619999885559082},{"id":"https://openalex.org/keywords/economic-risk","display_name":"economic risk","score":0.9490000009536743},{"id":"https://openalex.org/keywords/financial-risk","display_name":"financial risk","score":0.9760000109672546},{"id":"https://openalex.org/keywords/political-risk","display_name":"political risk","score":0.9990000128746033}],"concepts":[{"id":"https://openalex.org/C3008058167","wikidata":"https://www.wikidata.org/wiki/Q84263196","display_name":"Coronavirus disease 2019 (COVID-19)","level":4,"score":0.7181573510169983},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7071829438209534},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6521300077438354},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5466277599334717},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5384153723716736},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5006890296936035},{"id":"https://openalex.org/C3006700255","wikidata":"https://www.wikidata.org/wiki/Q81068910","display_name":"2019-20 coronavirus outbreak","level":3,"score":0.4340384006500244},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4216155409812927},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3874938488006592},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3295116126537323},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0884476900100708},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.06749939918518066},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C116675565","wikidata":"https://www.wikidata.org/wiki/Q3241045","display_name":"Outbreak","level":2,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C159047783","wikidata":"https://www.wikidata.org/wiki/Q7215","display_name":"Virology","level":1,"score":0.0},{"id":"https://openalex.org/C2779134260","wikidata":"https://www.wikidata.org/wiki/Q12136","display_name":"Disease","level":2,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C524204448","wikidata":"https://www.wikidata.org/wiki/Q788926","display_name":"Infectious disease (medical specialty)","level":3,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1111/acfi.12838","doi":"https://doi.org/10.1111/acfi.12838","is_oa":true,"landing_page_url":"https://doi.org/10.1111/acfi.12838","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/acfi.12838","source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"},{"id":"pmh:oai:europepmc.org:7334856","doi":null,"is_oa":true,"landing_page_url":"http://europepmc.org/pmc/articles/PMC8441683","pdf_url":null,"source":{"id":"https://openalex.org/S4306400806","display_name":"Europe PMC (PubMed Central)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1303153112","host_organization_name":"European Bioinformatics Institute","host_organization_lineage":["https://openalex.org/I1303153112"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"","raw_type":"Text"},{"id":"pmh:oai:pubmedcentral.nih.gov:8441683","doi":null,"is_oa":true,"landing_page_url":"https://www.ncbi.nlm.nih.gov/pmc/articles/8441683","pdf_url":null,"source":{"id":"https://openalex.org/S2764455111","display_name":"PubMed Central","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"Text"},{"id":"pmh:oai:pure.atira.dk:openaire/4018c149-1c29-42c1-9c3c-3e9cf4bafe77","doi":null,"is_oa":true,"landing_page_url":"https://www.scopus.com/pages/publications/85113154228","pdf_url":null,"source":{"id":"https://openalex.org/S4306402492","display_name":"UWA Profiles and Research Repository (UWA)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I177877127","host_organization_name":"The University of Western Australia","host_organization_lineage":["https://openalex.org/I177877127"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Chatjuthamard, P, Jindahra, P, Sarajoti, P & Treepongkaruna, S 2021, 'The effect of COVID-19 on the global stock market', Accounting and Finance, vol. 61, no. 3, pp. 4923-4953. https://doi.org/10.1111/acfi.12838","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.1111/acfi.12838","doi":"https://doi.org/10.1111/acfi.12838","is_oa":true,"landing_page_url":"https://doi.org/10.1111/acfi.12838","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/acfi.12838","source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"},{"score":0.46810001134872437,"id":"https://metadata.un.org/sdg/3","display_name":"Good health and well-being"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321557","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58"}],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3195934528.pdf"},"referenced_works_count":60,"referenced_works":["https://openalex.org/W1878424110","https://openalex.org/W1963787328","https://openalex.org/W1966916709","https://openalex.org/W2050643653","https://openalex.org/W2051235503","https://openalex.org/W2074730642","https://openalex.org/W2079081798","https://openalex.org/W2136215272","https://openalex.org/W2144638923","https://openalex.org/W2180617874","https://openalex.org/W2185726388","https://openalex.org/W3014257416","https://openalex.org/W3015629547","https://openalex.org/W3015646716","https://openalex.org/W3015769695","https://openalex.org/W3016198936","https://openalex.org/W3016681375","https://openalex.org/W3016752284","https://openalex.org/W3019863461","https://openalex.org/W3021084400","https://openalex.org/W3022416583","https://openalex.org/W3023854244","https://openalex.org/W3025524632","https://openalex.org/W3026117698","https://openalex.org/W3026479760","https://openalex.org/W3026812076","https://openalex.org/W3032899950","https://openalex.org/W3033639955","https://openalex.org/W3035419138","https://openalex.org/W3035431794","https://openalex.org/W3035562623","https://openalex.org/W3036230125","https://openalex.org/W3036400444","https://openalex.org/W3036799909","https://openalex.org/W3037680452","https://openalex.org/W3038119701","https://openalex.org/W3043617920","https://openalex.org/W3045494749","https://openalex.org/W3049207796","https://openalex.org/W3089147409","https://openalex.org/W3090173704","https://openalex.org/W3102038302","https://openalex.org/W3117942778","https://openalex.org/W3121364726","https://openalex.org/W3122263577","https://openalex.org/W3123217382","https://openalex.org/W3123581026","https://openalex.org/W3123937240","https://openalex.org/W3124585920","https://openalex.org/W3124688932","https://openalex.org/W3125566840","https://openalex.org/W3125987794","https://openalex.org/W3127790696","https://openalex.org/W3150176609","https://openalex.org/W3151508091","https://openalex.org/W3157685506","https://openalex.org/W4214504044","https://openalex.org/W4253629159","https://openalex.org/W4255461888","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W3019805483","https://openalex.org/W3159304121","https://openalex.org/W7220156489","https://openalex.org/W4360786385","https://openalex.org/W3120239708","https://openalex.org/W3026117698","https://openalex.org/W3167546229","https://openalex.org/W4306947618","https://openalex.org/W4210887023","https://openalex.org/W3109659625"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"paper":[2],"investigates":[3],"the":[4,9,17,20,41,49,53,79,82,93],"effect":[5],"of":[6,22,52,55,84],"COVID\u201019":[7,96],"on":[8],"global":[10],"stock":[11,38],"market.":[12],"Specifically,":[13],"we":[14,66,91],"test":[15],"whether":[16,68],"growth":[18,50],"in":[19,48,78],"number":[21,54,83],"confirmed":[23,56,85],"cases/deaths":[24,86],"affects":[25],"market":[26,88],"quality,":[27],"measured":[28],"by":[29],"return,":[30],"realised":[31],"volatility,":[32],"jumps":[33,61],"and":[34,60,71,87],"co\u2010jumps":[35],"for":[36],"43":[37],"indices":[39],"around":[40],"world.":[42],"We":[43],"find":[44,92],"that":[45],"an":[46],"increase":[47],"rate":[51],"cases":[57],"increases":[58],"volatility":[59],"while":[62],"reducing":[63],"return.":[64],"Further,":[65],"explore":[67],"economic,":[69],"financial":[70],"political":[72],"risks":[73],"play":[74],"any":[75],"significant":[76],"role":[77],"relation":[80],"between":[81],"quality.":[89],"Overall,":[90],"risk":[94],"from":[95],"overshadows":[97],"these":[98],"risks.":[99]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":12},{"year":2024,"cited_by_count":12},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":15},{"year":2021,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2021-08-30T00:00:00"}