Abstract
Background: It is understood that the stock markets have been adversely impacted due to the pandemic’s underdeveloped and developing economies. Moreover, the economies have been affected in much negative manner due to the pandemic.
Aim: The aim of this research is to avail insights regarding the impact of covid-19 on the stock markets of developed and developing economies.
Method: In this research, the quantitative research design has been selected by collecting the data from websites such as the World Bank. The insights were attained from prior authentic literature resources in accordance with research phenomena. Three developing countries (Nigeria, Albania, and Bangladesh) and 3 of its counterparts i.e. developed countries (China, US, and Japan) from 2013 till 2022 using panel series data. STATA has been selected as the data analysis techniques for implementing descriptive statistics, correlation, and the regression analysis.
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In present times, the unexpected emergence of the pandemic has led to an impact the economies all over the globe and financial markets. The pandemic has influenced the sectors of the economies heavily since, due to the pandemic, much has been altered globally and the activities of the businesses (Farooq et al., 2022). The author mentioned that the literature shows that unforeseen catastrophic incidents such as COVID-19 have impacted the stock markets to face high abnormal returns. For example, during the pandemic, lockdowns, travel restrictions, quarantine policies and lockdowns decreased international and national mobility and negatively influenced many industries, such as airlines or the hospitality sector. The pandemic also altered individual behaviours and attitudes, impacting the stock markets and abnormal outcomes.
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