ABSTRACT
The purpose of the study was to evaluate the relationshi ps between factors and the variability of Asian Emerging Stock Markets for the time before, during, and following the COVID 19 Outbreak. Descriptive, ADF Test, GARCH (1.1) Model, and Pair-wise Granger Causality Test were used in the research. From the outcomes of empirical analysis, the study found that the information about the COVID 19 Pandemic played a major role in the movement of Asian emerging countries, stock markets. But the fear of a COVID 19 pandemi c exerci sed mi xed i mpact on t he count ry' s market performance. As a result, while investing in the stock markets, the i nvest or shoul d keep a keen wat ch on market movements. International stock market investors in particular, should watch numerous worldwide events, for a sound investment in the global stock markets. © Indian Institute of Finance.
ABSTRACT
The purpose of this research was to examine the dynamics of volatility spillover between energy and environmental, social, and sustainable indices. COVID-19 prompted the research to select April 2019 to March 2022 as a sample period, and the respective data (daily prices) of the Nifty Energy and Nifty ESG indices were obtained from the National Stock Exchange of India Limited. The outcomes of the study confirmed that the daily returns of Nifty Energy and Nifty 100 ESG indices were not normally distributed and reached stationarity at level difference. Further, the study employed GARCH Models such as ARCH, GARCH (1,1), and GARCH-M to determine conditional volatility, and it validated the ARCH influence on the daily returns of the Nifty Energy and Nifty 100 ESG, during the study period. © 2022, Econjournals. All rights reserved.