Covid-19 Media Coverage and Stock Return
DOI:
https://doi.org/10.15379/ijmst.v10i2.1255Keywords:
Covid-19, Media Coverage, Stock Return, AsymmetricAbstract
This study empirically investigates the influence of news coverage related to COVID-19 and UK-wide stock market returns. A robust regression model is applied, and demonstrates the asymmetric dependence between stock market data and coverage of COVID-19 including media items, fake news and contagion. The study findings point to the benefits of utilising appropriate communications channels more strongly to minimise financial disruptions related to COVID-19. This particular research appears to be amongst the first research to consider both Covid-19 media coverage and stock return. Our data is limited for only a single country. More clarification for Covid-19 need qualitative understandings into UK market. The control variables fundamentally partial in this topic