Response of Financial Markets to COVID-19 Pandemic: A Review of Literature on Stock Markets

• Published in: Emerging Science Journal
• Main Author: Fianto B.A.; Ridhwan M.M.; Shah S.A.A.; Faris M.; Ruslan R.A.H.M.
• Format: Review
• Language: English
• Published: Ital Publication 2023
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85139909436&doi=10.28991%2fESJ-2023-SPER-03&partnerID=40&md5=04791b6f59bb51f1eb21ae35ef4eb9ab

The objective of this research is to consolidate the literature published on the COVID-19 crisis impact on global stock markets to gain managerial implications from the crisis. It performs a thematic bibliometric review of the literature published in Scopus-ranked journals since the beginning of the pandemic using FCWI, Piecharts, and VOSViewer. It identifies the most under-researched regions and eight emerging sub-themes. The research finds that the benchmark theme is market behavior during the COVID-19 crisis, whereas an emerging benchmark theme is the markets after the COVID-19 crisis. The holistic view of the literature supporting eight sub-themes suggests that the government's role is of utmost importance to handle the impact of the COVID-19 crisis, which should be industry-specific. It identifies that all eight sub-themes of the research are the future research directions in all and specifically in the South American, African, South East Asian, and Oceania regions till the crisis continues. © 2023 by the authors. Licensee ESJ, Italy.