Arabian Journal of Business and Management Review

ISSN: 2223-5833

Open Access

Daouia Chebab

Department of Finance and Economics, College of Business Administration, University of Bahrain, Sakhir, Kingdom of, Bahrain

  • Research Article   
    The Nexus between COVID-19, Government Intervention and Stock Market Returns: Evidence from Kingdom of Bahrain
    Author(s): Daouia Chebab*

    The paper aims empirically investigate the impact of government interventions during COVID-19 pandemic on stock returns in Bahrain. Using the Autoregressive Distributed Lag (ARDL) bounds test method in the analysis and daily data from 24 Feb 2020 till 12 Feb 2021, empirical results demonstrate that Bahrain stock market responded negatively to the growth in confirmed cases. The significant results indicate the strong reaction of stock markets towards the COVID-19. In addition, the direct impact of social distancing policies on stock market return appeared positive and significant suggesting that the social distance policies did not have a negative impact on the performance of Bahrain stock markets. Whereas, the interactive impact of government interventions on stock market return through the growth in confirmed cases was found positive but not significant. This outcom.. Read More»
    DOI: 10.37421/2223-5833.2023.13.467

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