IDEAS home Printed from https://ideas.repec.org/a/ids/ijdipe/v10y2024i2p138-152.html
   My bibliography  Save this article

COVID-19 and financial markets: a comparative analysis of sustainable and conventional indices

Author

Listed:
  • Mohit Saini
  • Mahender

Abstract

The COVID-19 pandemic has shocked the whole financial market after the 2008 financial crisis. In the last decade, markets have given various investment avenues to safeguard the invested funds during the time of crisis, sustainable investments are one among them. Hence, this study aims to examine how COVID-19 has impacted sustainable indices as compared to conventional indices. This study adopted the method of event study to analyse the pandemic impacts. The findings of the study indicate that the COVID-19 has severe impacts on conventional indices. On the other side, the cumulative average abnormal returns increase post the pandemic lockdown announcement. Returns in the post-event window were highly volatile in the case of conventional indices. Finally, it observed that the sustainable indices were faster to absorb the impact of the COVID-19. The study would be helpful for policymakers, investors and portfolio managers.

Suggested Citation

  • Mohit Saini & Mahender, 2024. "COVID-19 and financial markets: a comparative analysis of sustainable and conventional indices," International Journal of Diplomacy and Economy, Inderscience Enterprises Ltd, vol. 10(2), pages 138-152.
    • Handle: RePEc:ids:ijdipe:v:10:y:2024:i:2:p:138-152
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=142534
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijdipe:v:10:y:2024:i:2:p:138-152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=394 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.