The impact of Covid-19 pandemic outbreak on the Egyptian firms' stock returns : evidence from emerging countries
Author
Source
Scientific Journal for Accounting Researches
Issue
Vol. 2, Issue 4 (31 Dec. 2020), pp.691-718, 28 p.
Publisher
Suez Canal University Faculty of Commerce
Publication Date
2020-12-31
Country of Publication
Egypt
No. of Pages
28
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
The COVID-19 pandemic is considered one of the most severe contagious infectious experienced by the world during the 21st century.
This pandemic has economic, social, and psychological consequences that need years to recover again.
Therefore, this paper aims to verify the effect of the COVID-19 pandemic on the Egyptian firms' stock returns.
Using historical data of listed firms in EGX 30 index during the period from 16th February 2020 to 21st May 2020, the results reveal that stock returns across all listed firms in EGX 30 index have been significantly negatively affected of both the daily growth in total confirmed cases and in total confirmed deaths.
In addition, Egyptian firms' stock returns are negatively associated with daily cumulative COVID-19 cases and positively to daily cumulative COVID-19 deaths.
American Psychological Association (APA)
Awad, Muhammad Hamdi. 2020. The impact of Covid-19 pandemic outbreak on the Egyptian firms' stock returns : evidence from emerging countries. Scientific Journal for Accounting Researches،Vol. 2, no. 4, pp.691-718.
https://search.emarefa.net/detail/BIM-1261051
Modern Language Association (MLA)
Awad, Muhammad Hamdi. The impact of Covid-19 pandemic outbreak on the Egyptian firms' stock returns : evidence from emerging countries. Scientific Journal for Accounting Researches Vol. 2, no. 4 (2020), pp.691-718.
https://search.emarefa.net/detail/BIM-1261051
American Medical Association (AMA)
Awad, Muhammad Hamdi. The impact of Covid-19 pandemic outbreak on the Egyptian firms' stock returns : evidence from emerging countries. Scientific Journal for Accounting Researches. 2020. Vol. 2, no. 4, pp.691-718.
https://search.emarefa.net/detail/BIM-1261051
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1261051