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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