The impact of COVID 19 on the Czech stock market

ABSTRACT

COVID-19 has increased suffering in various sectors of life and affected people's daily lives worldwide. It has significantly impacted the health, economic and social fields. The Czech Republic is one of the countries hit hard by the epidemic, which led to its closure several times. This paper empirically examines the impact of COVID-19 on stock prices in the Czech Republic with the help of the Autoregressive-Distributed Lag (ARDL) Bounds Test. The daily closing prices of the stock index, P.X., from 22/03/2020 to 21/02/2022 were used for the Analysis. The results reveal that the Czech stock market was negatively affected during the pandemic;this effect was short-term and long-term.