The Financial Impact of COVID-19 from the Perspective of Media Coverage: Evidence from China
Emerging Markets Finance and Trade
; 2023.
Article
Dans Anglais
| Scopus | ID: covidwho-2293356
ABSTRACT
This paper merges three textual models to construct a series of indicators, which can yield more refined proxies for financial media coverage, to measure the impacts of COVID-19 on Chinese financial markets. Results show that the basic indicator Granger causes the volatilities of bond and stock markets and contributes more to the stock market after the outbreak of COVID-19. Next, four specific market-related indicators have significant effects on the corresponding financial market after the outbreak. Finally, the policy-related indicator has a significant effect on four financial markets after the outbreak, and it causes greater volatility in the stock market. This paper can help the government to stabilize the financial market by managing financial media attention. © 2023 Taylor & Francis Group, LLC.
Texte intégral:
Disponible
Collection:
Bases de données des oragnisations internationales
Base de données:
Scopus
Type d'étude:
Études expérimentales
langue:
Anglais
Revue:
Emerging Markets Finance and Trade
Année:
2023
Type de document:
Article
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