Do non-pharmaceutical policies in response to COVID-19 affect stock performance? Evidence from Malaysia stock market return and volatility

• Main Authors: Racquel, Rowland, Chia, Ricky Chee Jiun, Liew, Khim Sen
• Format: Article
• Language: English
• Published: 2023
• Subjects: HB Economic Theory
• Online Access: http://ir.unimas.my/id/eprint/41248/1/Do%20non-pharmaceutical%20policies%20in%20response.pdf; http://ir.unimas.my/id/eprint/41248/; https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0277252
• Institution: Universiti Malaysia Sarawak

This paper examines the impact of non-pharmaceutical intervention by government on stock market return as well as volatility. Using daily Malaysian equity data from January 28, 2020 to May 31, 2022, the regression analysis with bootstrapping technique reveals that the government’s response in com...