The impact and role of COVID-19 uncertainty: A global industry analysis.

ABSTRACT: The novel 2019 coronavirus (COVID-19) has resulted in uncertainty that permeates every aspect of life and business. In this study we undertake a comprehensive analysis of the impact of COVID-19 related uncertainty on global industry returns and volatility using a sample of 68 global industries and Google Trends search data to measure COVID-19 related uncertainty. The results indicate that COVID-19 related uncertainty negatively impacts returns on all industries and generally leads to higher volatility. We interpret these findings as uncertainty related to the future financial performance of firms and emerging opportunities for some industries. Certain industries are more resilient than others and increased uncertainty is not only necessarily associated with industries that experienced the

SUBMITTER: Szczygielski JJ 

PROVIDER: S-EPMC8734108 | biostudies-literature | 2022 Mar

REPOSITORIES: biostudies-literature