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ABSTRACT:
SUBMITTER: Akhtaruzzaman M
PROVIDER: S-EPMC7245292 | biostudies-literature | 2021 Jan
REPOSITORIES: biostudies-literature
Akhtaruzzaman Md M Boubaker Sabri S Sensoy Ahmet A
Finance research letters 20200523
This study examines how financial contagion occurs through financial and nonfinancial firms between China and G7 countries during the COVID-19 period. The empirical results show that listed firms across these countries, financial and non-financial firms alike, experience significant increase in conditional correlations between their stock returns. However, the magnitude of increase in these correlations is considerably higher for financial firms during the COVID-19 outbreak, indicating the impor ...[more]