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The effects of Covid-19 related response policies on the performances of technology-driven financial services companies

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  • Özer, Mustafa
  • Vukovic, Darko B.
  • Frömmel, Michael
  • Kamişli, Serap

Abstract

This study examines the causal connections between COVID-19-related restrictions, economic support measures, and the performance of fintech enterprises with combined Granger causality and Fractional Frequency Flexible Fourier-form Toda-Yamamoto (FFFFTY) causality tests. We find the evidence of unidirectional permanent causality running from Covid-19 related government response stringency and economic supports to the performance of the technology-driven financial services (TDFSC) in most of the countries in the sample, where traditional tests fail. Our findings indicate that these companies seem to be the primary beneficiaries of Covid-19-related policies (restrictions and economic support) implemented by governments to mitigate the negative impacts of the pandemic.

Suggested Citation

  • Özer, Mustafa & Vukovic, Darko B. & Frömmel, Michael & Kamişli, Serap, 2023. "The effects of Covid-19 related response policies on the performances of technology-driven financial services companies," Finance Research Letters, Elsevier, vol. 58(PD).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323010164
    DOI: 10.1016/j.frl.2023.104644
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    References listed on IDEAS

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