This paper examined the effect of COVID-19 pandemic on global stock markets. Daily closing prices were obtained from Wall Street data base from 1st January to 31st March 2020. For the analysis 80 trading days were used from 20th January, 2020, when the news of COVID-19 pandemic broke out to 11th...

To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed...

We quantify the exposure of major financial markets to news shocks about global contagion risk accounting for local epidemic conditions. For a wide cross section of countries, we construct a novel data set comprising (i) announcements related to COVID19, and (ii) high-frequency data on epidemic...

This paper uses a difference-in-differences (DID) approach to identify the effect of proximity to COVID-19 cases on the returns of real estate firms. We use a novel micro-level dataset which combines extensive data on the geographic footprint of COVID-19 patients, i.e. the locations they have...

During the COVID-19 pandemic, while the world economy suffered the worst crisis since the Great Depression, the response of stock markets has raised concerns. Several economists (including some Nobel laureates) have seen these reactions as evidence that stock markets are not fully efficient,...

This paper investigates the effect of COVID-19 pandemic on stock market in KSA applying an Autoregressive Distributed Lag (ARDL) cointegration approach. More especially, we analyze the relationship between the natural logarithm of trading volume of Tadawull All shares index (TASI) and the...

To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed...

This paper studies the month of the year effect, where January effect presents positive and the highest returns of the other months of the year. In order to investigate the specific calendar effect in global level, fifty-five stock market indices from fifty-one countries are examined. Symmetric...

This study examines the effects of local stock returns on antidepressant usage using the Truven Health MarketScan® individual prescription drug data. There are three main findings. First, a one standard deviation decrease in local stock return increases local investor's antidepressant usage by...

South Korea has proven resilient through crises. During the COVID-19 pandemic, Korea has used testing and contact tracing to keep the number of cases per capita far below those in the U.S. and Europe. This paper uses sectoral stock returns to gauge the impact of the pandemic on the Korean...