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- Title
DID COVID-19 CHALLENGE THE VOLATILITY OF THE SUSTAINABLE STOCK MARKET? AN EXAMINATION OF ASIAN MARKET.
- Authors
Darsono, Susilo Nur Aji Cokro; Thang Le-Dinh; Nguyen Trong Than; Tran Thai Ha Nguyen; Wing Keung Wong; Jenho Peter Ou
- Abstract
The coronavirus outbreak at the end of 2019 hit many aspects of the financial sector, especially the stock market. This research examines the impacts of the COVID-19 pandemic, exchange rates, gold price, and the Brent oil price on the volatility of the Sustainable Stock Market in Asia. A quantitative research method is applied using average monthly panel data from March 2020 to April 2022, covering the COVID-19 pandemic period. We employed panel regressions and applied Feasible Generalized Least Square (FGLS) in the analysis, which also serves as a robustness check. This study contributes to the literature by examining the variables significantly impacting sustainable investing, particularly in the sustainable stock market. Empirical results find that COVID-19, gold price and the exchange rate have negatively affected sustainable stock market volatility, while the Brent oil price has a positive impact on the volatility of the sustainable stock market. This study's recommendations infer that both investors and managers should consider the increase of COVID-19 cases and frequency-varying exchange rates to the USD on the Asian sustainable stock market volatility.
- Subjects
ASIA; VOLATILITY (Securities); FINANCIAL markets; GOLD sales &; prices; SUSTAINABILITY; STOCKS (Finance); INVESTORS
- Publication
Journal of Eastern European & Central Asian Research, 2023, Vol 10, Issue 7, p989
- ISSN
2328-8272
- Publication type
Article
- DOI
10.15549/jeecar.v10i7.1343