TY - JOUR
T1 - Response of Financial Markets to COVID-19 Pandemic
T2 - A Review of Literature on Stock Markets
AU - Fianto, Bayu Arie
AU - Ridhwan, Masagus M.
AU - Shah, Syed Alamdar Ali
AU - Faris, Muhammad
AU - Ruslan, Rafiatul Adlin Hj Mohd
N1 - Funding Information:
The authors received financial support from Universitas Airlangga under Covid-19 Grant.
Publisher Copyright:
© 2023 by the authors. Licensee ESJ, Italy.
PY - 2023
Y1 - 2023
N2 - 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.
AB - 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.
KW - COVID-19 Crisis
KW - Economic Growth
KW - Managerial Implication
KW - Stock Markets
KW - Thematic & Bibiometric Analysis
UR - http://www.scopus.com/inward/record.url?scp=85139909436&partnerID=8YFLogxK
U2 - 10.28991/ESJ-2023-SPER-03
DO - 10.28991/ESJ-2023-SPER-03
M3 - Review article
AN - SCOPUS:85139909436
SN - 2610-9182
VL - 7
SP - 29
EP - 54
JO - Emerging Science Journal
JF - Emerging Science Journal
IS - Special Issue
ER -