How to cite this paper
Umoru, D., Igbinovia, B & Omomoh, H. (2024). Volatility patterns of stock prices.Accounting, 10(4), 177-192.
Refrences
Abuzayed, B., Bouri, E., Al-Fayoumi, N., & Jalkh, N. (2021). Systemic risk spillover across global and country stock markets during the COVID-19 pandemic. Economic Analysis and Policy, 71, 180-197.10.1016/j.eap.2021.04.010.
Ahlgren, N., & Antell, J. (2010). Stock market linkages and financial contagion: A cobreaking analysis. The Quarterly Review of Economics and Finance, 50(2), 157-166.
Akhtaruzzaman, M., Abdel-Qader, W., Hammami, H., & Shams, S. (2021). Is China a source of financial contagion? Finance Resource Letters, 38(2021), Article 101393
Albulescu, C. T. (2020). Coronavirus and financial volatility: 40 days of fasting and fear. Computational Finance. https://arxiv.org/abs/2003.04005.
Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of behavioral and experimental finance, 27, 100326.
Al-Rimawi, M. A., & Kaddumi, T. A. (2021). Factors affecting stock market index volatility: Empirical study. Journal of Governance & Regulation, 10(3), 169–176. https://doi.org/10.22495/jgrv10i3art15.
Alzoubi, A. B. M., Nicholson, G., & Alzoubi, M. B. M. (2021). The effect of decision time horizon on short-termism: An experimental approach [Special issue]. Journal of Governance & Regulation, 10(4), 293–301. https://doi.org/10.22495/jgrv10i4siart9
Anjum, H., & Malik, F. (2020). Forecasting risk in the US Dollar exchange rate under volatility shifts. North American Journal of Economic and Finance, 54, Article 101257
Bahrini R., & Filfilan A. (2020). Impact of the novel coronavirus on stock market returns: evidence from GCC countries. Quantitative Finance Economy, 4(4), 640-652, doi: 10.3934/QFE.2020029.
Baig, A. S., Butt, H. A., Haroon, O., & Rizvi, S. A. R. (2021). Deaths, panic, lockdowns, and US equity markets: the case of Covid-19 pandemic. Finance Resource Letters, 38(2021), Article 101701
Baig, A. S., Butt, H. A., & Khalid, R. (2022). Estimating value‐at‐risk models for non‐conventional equity market index. Review of Financial Economics, 40(1), 63-76.
Bakry, W., Rashid, A., Al-Mohamad, S., & El-Kanj, N. (2021). Bitcoin and portfolio diversification: A portfolio optimization approach. Journal of Risk and Financial Management, 14(7), 282. https://doi.org/10.3390/jrfm14070282.
Bakar N. A., & Masih A. M. M. (2014), The Dynamic linkages between Islamic index and the major stock markets: new evidence from wavelet time-scale decomposition analysis.
Bash A., & Alsaifi K. (2019). Fear from uncertainty: an event study of Khashoggi and stock market returns. J Behav Experimental Finance, 23, 54-58. doi: 10.1016/j.jbef.2019.05.004.
Bollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of econometrics, 31(3), 307-327.
Bossman, A., Owusu J. P., & Tiwari, A. K. (2022). Dynamic connectedness and spillovers between Islamic and conventional stock markets: time- and frequency-domain approaches in Covid-19 era. Heliyon, 8(4).
Brooks, C. (2019). Introductory Econometrics for Finance (fourth ed.), Cambridge University Press Buhagiar R., Cortis D., Newall P. W. S. (2018). Why do some soccer bettors lose more money than others? Journal of Behavioral and Experimental Finance, 18, 85–93. doi: 10.1016/j.jbef.2018.01.010.
Caporale, G. M., Plastun, A., & Makarenko, I. (2019). Force majeure events and stock market reactions in Ukraine. Investment Management Financial Innovation, 16(1), 334-345. doi:10.21511/imfi.16(1).2019.26.
Chiang, T. C., Jeon, B. N., & Li, H. (2007). Dynamic correlation analysis of financial contagion: Evidence from Asian markets. Journal of International Money and Finance, 26(7), 1206-1228.
Daly, K., Batten, J. A., Mishra, A. V., & Choudhury, T. (2019). Contagion risk in the global banking sector. Journal of International Financial Markets Institut Money, 63, 101136. doi: 10.1016/j.intfin.2019.101136.
Devpura, N., Gunadi, I., & Sasongko, A. (2021). Volatility spillover of intraday exchange rates in some selected ASEAN countries. Buletin Ekonomi Moneter Dan Perbankan, 24(3), 335–364. doi: 10.21098/bemp.v24i3.1693.
Ding, L., & Pu, X. (2012), Market linkage and information spillover: Evidence from pre-crisis, crisis, and recovery periods. Journal of Economics and Business, 64(2), 145-159.
Dooley, M., & Hutchison, M. (2009), Transmission of the US subprime crisis to emerging markets: Evidence on the decoupling– recoupling hypothesis. Journal of International Money and Finance, 28(8), 1331-1349.
Endri, E., Amrullah, D. F., Suparmun, H., Mary, H., Sova, M., & Indrasari, A. (2021a). Determinants of stock return of property and real estate companies in the developing market [Special issue]. Corporate Governance and Organizational Behavior Review, 5(2), 184–193. https://doi.org/10.22495/cgobrv5i2sip6
Endri, E., Widya, A. A., Razak, L. S., & Septiano, R. (2021b). Stock price volatility during the COVID-19 pandemic: the GARCH model. Investment Management Financial Innovation, 18(4), 12–20. doi: 10.21511/imfi.18(4).2021.02.
Engle, R. (2002), Dynamic conditional correlation: A simple class of multivariate generalized autoregressive conditional heteroskedasticity models. Journal of Business & Economic Statistics, 20(3), 339-350.
Ewing, B. T., Malik, F., & Anjum, H. (2019). Forecasting value-at-risk in oil prices in the presence of volatility shifts. Review of Finance and Economy, 37(3), 341-350
Feng, Y., & Li, X. (2022). Causal estimation of COVID-19 and SARS on China’s stock market: evidence from a time series counterfactual prediction. Econ Res-Ekonomska Istrazivanja, 35(1), 1734-1751. doi: 10.1080/1331677X.2021.1910533.
Gubareva, M. (2021). The impact of COVID-19 on the liquidity of emerging market bonds. Finance Resource Letters, 41, 101826. doi: 10.1016/j.frl.2020.101826.
Haroon, O., & Rizvi, S. A. R. (2020). COVID-19: Media coverage and financial markets behavior—A sectoral inquiry. Journal of behavioral and experimental finance, 27, 100343. doi: 10.1016/j.jbef.2020.100343.
Hassan, M. K., Djajadikerta, H. G., Choudhury, T., & Kamran, M. (2021). Safe havens in Islamic financial markets: COVID-19 versus GFC. Global Finance Journal, 2021 doi: 10.1016/j.gfj.2021.100643.
Huynh, T.L.D., Foglia, M., Nasir, M. A., & Angelini, E. (2021). Feverish sentiment and global equity markets during the Covid-19 pandemic. Journal of Economic Behavior Organization, 188, 1088-1108
Ibrahim, I., Kamaludin, K., & Sundarasen, S. (2020). Covid-19, government response, and market volatility: evidence from the Asia-Pacific developed and developing markets. Economies, 8(4).
Ichev, R., & Marinč M. (2018). Stock prices and geographic proximity of information: evidence from the Ebola outbreak. International Review of Financial Analysis. 56, 153-166. doi: 10.1016/j.irfa.2017.12.004.
Kamaludin, K., Sundarasen, S., & Ibrahim, I. (2021). Covid-19, Dow Jones, and equity market movement in ASEAN-5 countries: evidence from wavelet analyses. Heliyon, 7(1).
Kowalewski O., & ,Śpiewanowski P. (2020). Stock market response to potash mine disasters. Journal of Commodity Markets, 20, 100124. doi: 10.1016/j.jcomm.2020.100124.
Kusumahadi, T. A., & Permana, F. C. (2021). Impact of Covid-19 on global stock market volatility J. Econ. Integrat., 36 (1) (2021), pp. 20-45
Kwadwo B. P., Frimpong, J. M., & Amaning, N. (2023). Determining the return volatility of the Ghana stock exchange before and during the COVID-19 pandemic using the exponential GARCH model. SN Business Economy, 3(1), 21. doi: 10.1007/s43546-022-00401-4
Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 outbreak and affected countries' stock markets response. International Journal of Environmental Resource Public Health, 17(8), 1–19. doi: 10.3390/ijerph17082800.
Loh, L. (2013). Co-movement of Asia-Pacific with European and US stock market returns: A cross-time-frequency analysis. Research in International Business and Finance, 29, pp. 1-13.
Menezes, R., Dionísio A., & Hassanic H. (2010). On the globalization of stock markets: An application of VECM, SSA technique and mutual information to the G7? (No. 2010_06). University of Evora, CEFAGE-UE (Portugal).
Ng, H.S. & Lam, K-P. (2006). How does sample size affect GARCH Models? 10.2991/jcis.2006.139.
Özdemir, L., Özen, E., Grima, S., & Romānova, I. (2021). Determining the return volatility of major stock markets before and during the COVID-19 pandemic by applying the EGARCH model. Scientific Annals of Economics and Business, 68(4). doi: 10.47743/saeb-2021-0022.
Ozdemir Z. A., & Cakan E. (2007). Non-linear dynamic linkages in the international Stock markets. Physica A: Statistical Mechanics and its Applications, 377(1), 173-180.
Phan, D. H. B., & Paresh, K. N. (2020). Country responses and the reaction of the stock market to COVID-19 a preliminary exposition. Emerging Markets Finance Trade, 56(10), 2138-2150. doi: 10.1080/1540496X.2020.1784719.
Rezayat F., & Yavas B. F. (2006). International portfolio diversification: A study of linkages among the US, European, and Japanese equity markets. Journal of Multinational Financial Management, 16(4), 440-458.
Rizvi, S. A., Juhro, S. M., & Narayan, P. K. (2021). Understanding market reaction to COVID-19 monetary and fiscal stimulus in Major ASEAN countries. Buletin Ekonomi Moneter Dan Perbankan, 24(3), 313–334. doi: 10.21098/bemp.v24i3.1690.
Samarakoon, L. P. (2011). Stock market interdependence, contagion, and the US financial crisis: The case of emerging and frontier markets. Journal of International Financial Markets, Institutions, and Money, 21(5), 724-742.
Shen, Y.-Y., Jiang, Z.-Q., Ma, J.-C., Wang, G.-J., & Zhou, W.-X. (2022). Sector connectedness in the Chinese stock markets. Empirical Economics, 62(2), 825-852
Singh, B., Dhall, R., Narang, S., & Rawat, S. (2024). The outbreak of COVID-19 and stock market responses: An event study and panel data analysis for G-20 countries. Global Business Review, 25(3), 606-631. doi: 10.1177/0972150920957274.
Shanaev, S, & Ghimire, B. (2019). Is all politics local? Regional political risk in Russia and the panel of stock returns. J Behav Exp Finance, 21, 70-82. doi: 10.1016/j.jbef.2018.11.002.
Tavor, T., & Teitler-Regev, S. (2019). The impact of disasters and terrorism on the stock market. Journal of Disaster Risk Studies, 11(1), 1-8.
Umoru, D., Effiong, S. E., Ugbaka, M. A., Iyaji, D., Oyegun, G., Ofie, F. E., Eshemogie, K., Tizhe, A. N., & Hussaini, R. (2023a). Threshold of currency devaluation and oil price movements that stimulates industrial production. Corporate Governance and Organizational Behavior Review, 7(1), 121–139. https://doi.org/10.22495/cgobrv7i1p12
Umoru, D., Odiwo, W. O., Ebhote, O., Akhor, S. O., Otsupius, A. I., Ohiokha, G., Abere, B. O., Omoluabi, E. T., Iyoha, A.-O. I., & Hussaini, R. (2023b). Measuring non-linear effects of exchange rate movements on reserve holdings. Corporate & Business Strategy Review, 4(1), 131–141. https://doi.org/10.22495/cbsrv4i1art12
Umoru, D., Effiong, S. E., Ugbaka, M. A., Akhor, S. O., Iyaji, D., Ofie, F. E., Ihuoma, C. C., Okla, E. S., & Obomeghie, M. A. (2023c). Modelling and estimating volatilities in exchange rate return and the response of exchange rates to oil shocks. Journal of Governance & Regulation, 12(1), 185–196. https://doi.org/10.22495/jgrv12i1art17
Vo, D. H., & Doan, B. (2021). Effects from containment and closure policies to market quality: do they matter in Vietnam during Covid-19? PLoS One, 16(4) (2021), Article e0248703
Vo, D. H., Ho, C. M., & Dang, T. H. N. (2022). Stock market volatility from the COVID-19 pandemic: new evidence from the Asia-Pacific region. Heliyon, 8(9).
Xu, H., & Hamori, S. (2012). Dynamic linkages of stock prices between the BRICs and the United States: Effects of the 2008–09 financial crisis. Journal of Asian Economics, 23(4), 344-352.
Yiu, M. S., Alex Ho, W. Y., & Choi, D. F. (2010). Dynamic correlation analysis of financial contagion in Asian markets in global financial turmoil. Applied Financial Economics, 20(4), 345-354
Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of Covid-19. Finance Resource Letters, 36, Article 101528
Zaremba, A., Kizys, R., Aharon, D. Y., & Demir, E. (2020). Infected markets: novel coronavirus, government interventions, and stock return volatility around the globe. Finance Resource Letters, 35, Article 101597
Ahlgren, N., & Antell, J. (2010). Stock market linkages and financial contagion: A cobreaking analysis. The Quarterly Review of Economics and Finance, 50(2), 157-166.
Akhtaruzzaman, M., Abdel-Qader, W., Hammami, H., & Shams, S. (2021). Is China a source of financial contagion? Finance Resource Letters, 38(2021), Article 101393
Albulescu, C. T. (2020). Coronavirus and financial volatility: 40 days of fasting and fear. Computational Finance. https://arxiv.org/abs/2003.04005.
Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of behavioral and experimental finance, 27, 100326.
Al-Rimawi, M. A., & Kaddumi, T. A. (2021). Factors affecting stock market index volatility: Empirical study. Journal of Governance & Regulation, 10(3), 169–176. https://doi.org/10.22495/jgrv10i3art15.
Alzoubi, A. B. M., Nicholson, G., & Alzoubi, M. B. M. (2021). The effect of decision time horizon on short-termism: An experimental approach [Special issue]. Journal of Governance & Regulation, 10(4), 293–301. https://doi.org/10.22495/jgrv10i4siart9
Anjum, H., & Malik, F. (2020). Forecasting risk in the US Dollar exchange rate under volatility shifts. North American Journal of Economic and Finance, 54, Article 101257
Bahrini R., & Filfilan A. (2020). Impact of the novel coronavirus on stock market returns: evidence from GCC countries. Quantitative Finance Economy, 4(4), 640-652, doi: 10.3934/QFE.2020029.
Baig, A. S., Butt, H. A., Haroon, O., & Rizvi, S. A. R. (2021). Deaths, panic, lockdowns, and US equity markets: the case of Covid-19 pandemic. Finance Resource Letters, 38(2021), Article 101701
Baig, A. S., Butt, H. A., & Khalid, R. (2022). Estimating value‐at‐risk models for non‐conventional equity market index. Review of Financial Economics, 40(1), 63-76.
Bakry, W., Rashid, A., Al-Mohamad, S., & El-Kanj, N. (2021). Bitcoin and portfolio diversification: A portfolio optimization approach. Journal of Risk and Financial Management, 14(7), 282. https://doi.org/10.3390/jrfm14070282.
Bakar N. A., & Masih A. M. M. (2014), The Dynamic linkages between Islamic index and the major stock markets: new evidence from wavelet time-scale decomposition analysis.
Bash A., & Alsaifi K. (2019). Fear from uncertainty: an event study of Khashoggi and stock market returns. J Behav Experimental Finance, 23, 54-58. doi: 10.1016/j.jbef.2019.05.004.
Bollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of econometrics, 31(3), 307-327.
Bossman, A., Owusu J. P., & Tiwari, A. K. (2022). Dynamic connectedness and spillovers between Islamic and conventional stock markets: time- and frequency-domain approaches in Covid-19 era. Heliyon, 8(4).
Brooks, C. (2019). Introductory Econometrics for Finance (fourth ed.), Cambridge University Press Buhagiar R., Cortis D., Newall P. W. S. (2018). Why do some soccer bettors lose more money than others? Journal of Behavioral and Experimental Finance, 18, 85–93. doi: 10.1016/j.jbef.2018.01.010.
Caporale, G. M., Plastun, A., & Makarenko, I. (2019). Force majeure events and stock market reactions in Ukraine. Investment Management Financial Innovation, 16(1), 334-345. doi:10.21511/imfi.16(1).2019.26.
Chiang, T. C., Jeon, B. N., & Li, H. (2007). Dynamic correlation analysis of financial contagion: Evidence from Asian markets. Journal of International Money and Finance, 26(7), 1206-1228.
Daly, K., Batten, J. A., Mishra, A. V., & Choudhury, T. (2019). Contagion risk in the global banking sector. Journal of International Financial Markets Institut Money, 63, 101136. doi: 10.1016/j.intfin.2019.101136.
Devpura, N., Gunadi, I., & Sasongko, A. (2021). Volatility spillover of intraday exchange rates in some selected ASEAN countries. Buletin Ekonomi Moneter Dan Perbankan, 24(3), 335–364. doi: 10.21098/bemp.v24i3.1693.
Ding, L., & Pu, X. (2012), Market linkage and information spillover: Evidence from pre-crisis, crisis, and recovery periods. Journal of Economics and Business, 64(2), 145-159.
Dooley, M., & Hutchison, M. (2009), Transmission of the US subprime crisis to emerging markets: Evidence on the decoupling– recoupling hypothesis. Journal of International Money and Finance, 28(8), 1331-1349.
Endri, E., Amrullah, D. F., Suparmun, H., Mary, H., Sova, M., & Indrasari, A. (2021a). Determinants of stock return of property and real estate companies in the developing market [Special issue]. Corporate Governance and Organizational Behavior Review, 5(2), 184–193. https://doi.org/10.22495/cgobrv5i2sip6
Endri, E., Widya, A. A., Razak, L. S., & Septiano, R. (2021b). Stock price volatility during the COVID-19 pandemic: the GARCH model. Investment Management Financial Innovation, 18(4), 12–20. doi: 10.21511/imfi.18(4).2021.02.
Engle, R. (2002), Dynamic conditional correlation: A simple class of multivariate generalized autoregressive conditional heteroskedasticity models. Journal of Business & Economic Statistics, 20(3), 339-350.
Ewing, B. T., Malik, F., & Anjum, H. (2019). Forecasting value-at-risk in oil prices in the presence of volatility shifts. Review of Finance and Economy, 37(3), 341-350
Feng, Y., & Li, X. (2022). Causal estimation of COVID-19 and SARS on China’s stock market: evidence from a time series counterfactual prediction. Econ Res-Ekonomska Istrazivanja, 35(1), 1734-1751. doi: 10.1080/1331677X.2021.1910533.
Gubareva, M. (2021). The impact of COVID-19 on the liquidity of emerging market bonds. Finance Resource Letters, 41, 101826. doi: 10.1016/j.frl.2020.101826.
Haroon, O., & Rizvi, S. A. R. (2020). COVID-19: Media coverage and financial markets behavior—A sectoral inquiry. Journal of behavioral and experimental finance, 27, 100343. doi: 10.1016/j.jbef.2020.100343.
Hassan, M. K., Djajadikerta, H. G., Choudhury, T., & Kamran, M. (2021). Safe havens in Islamic financial markets: COVID-19 versus GFC. Global Finance Journal, 2021 doi: 10.1016/j.gfj.2021.100643.
Huynh, T.L.D., Foglia, M., Nasir, M. A., & Angelini, E. (2021). Feverish sentiment and global equity markets during the Covid-19 pandemic. Journal of Economic Behavior Organization, 188, 1088-1108
Ibrahim, I., Kamaludin, K., & Sundarasen, S. (2020). Covid-19, government response, and market volatility: evidence from the Asia-Pacific developed and developing markets. Economies, 8(4).
Ichev, R., & Marinč M. (2018). Stock prices and geographic proximity of information: evidence from the Ebola outbreak. International Review of Financial Analysis. 56, 153-166. doi: 10.1016/j.irfa.2017.12.004.
Kamaludin, K., Sundarasen, S., & Ibrahim, I. (2021). Covid-19, Dow Jones, and equity market movement in ASEAN-5 countries: evidence from wavelet analyses. Heliyon, 7(1).
Kowalewski O., & ,Śpiewanowski P. (2020). Stock market response to potash mine disasters. Journal of Commodity Markets, 20, 100124. doi: 10.1016/j.jcomm.2020.100124.
Kusumahadi, T. A., & Permana, F. C. (2021). Impact of Covid-19 on global stock market volatility J. Econ. Integrat., 36 (1) (2021), pp. 20-45
Kwadwo B. P., Frimpong, J. M., & Amaning, N. (2023). Determining the return volatility of the Ghana stock exchange before and during the COVID-19 pandemic using the exponential GARCH model. SN Business Economy, 3(1), 21. doi: 10.1007/s43546-022-00401-4
Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 outbreak and affected countries' stock markets response. International Journal of Environmental Resource Public Health, 17(8), 1–19. doi: 10.3390/ijerph17082800.
Loh, L. (2013). Co-movement of Asia-Pacific with European and US stock market returns: A cross-time-frequency analysis. Research in International Business and Finance, 29, pp. 1-13.
Menezes, R., Dionísio A., & Hassanic H. (2010). On the globalization of stock markets: An application of VECM, SSA technique and mutual information to the G7? (No. 2010_06). University of Evora, CEFAGE-UE (Portugal).
Ng, H.S. & Lam, K-P. (2006). How does sample size affect GARCH Models? 10.2991/jcis.2006.139.
Özdemir, L., Özen, E., Grima, S., & Romānova, I. (2021). Determining the return volatility of major stock markets before and during the COVID-19 pandemic by applying the EGARCH model. Scientific Annals of Economics and Business, 68(4). doi: 10.47743/saeb-2021-0022.
Ozdemir Z. A., & Cakan E. (2007). Non-linear dynamic linkages in the international Stock markets. Physica A: Statistical Mechanics and its Applications, 377(1), 173-180.
Phan, D. H. B., & Paresh, K. N. (2020). Country responses and the reaction of the stock market to COVID-19 a preliminary exposition. Emerging Markets Finance Trade, 56(10), 2138-2150. doi: 10.1080/1540496X.2020.1784719.
Rezayat F., & Yavas B. F. (2006). International portfolio diversification: A study of linkages among the US, European, and Japanese equity markets. Journal of Multinational Financial Management, 16(4), 440-458.
Rizvi, S. A., Juhro, S. M., & Narayan, P. K. (2021). Understanding market reaction to COVID-19 monetary and fiscal stimulus in Major ASEAN countries. Buletin Ekonomi Moneter Dan Perbankan, 24(3), 313–334. doi: 10.21098/bemp.v24i3.1690.
Samarakoon, L. P. (2011). Stock market interdependence, contagion, and the US financial crisis: The case of emerging and frontier markets. Journal of International Financial Markets, Institutions, and Money, 21(5), 724-742.
Shen, Y.-Y., Jiang, Z.-Q., Ma, J.-C., Wang, G.-J., & Zhou, W.-X. (2022). Sector connectedness in the Chinese stock markets. Empirical Economics, 62(2), 825-852
Singh, B., Dhall, R., Narang, S., & Rawat, S. (2024). The outbreak of COVID-19 and stock market responses: An event study and panel data analysis for G-20 countries. Global Business Review, 25(3), 606-631. doi: 10.1177/0972150920957274.
Shanaev, S, & Ghimire, B. (2019). Is all politics local? Regional political risk in Russia and the panel of stock returns. J Behav Exp Finance, 21, 70-82. doi: 10.1016/j.jbef.2018.11.002.
Tavor, T., & Teitler-Regev, S. (2019). The impact of disasters and terrorism on the stock market. Journal of Disaster Risk Studies, 11(1), 1-8.
Umoru, D., Effiong, S. E., Ugbaka, M. A., Iyaji, D., Oyegun, G., Ofie, F. E., Eshemogie, K., Tizhe, A. N., & Hussaini, R. (2023a). Threshold of currency devaluation and oil price movements that stimulates industrial production. Corporate Governance and Organizational Behavior Review, 7(1), 121–139. https://doi.org/10.22495/cgobrv7i1p12
Umoru, D., Odiwo, W. O., Ebhote, O., Akhor, S. O., Otsupius, A. I., Ohiokha, G., Abere, B. O., Omoluabi, E. T., Iyoha, A.-O. I., & Hussaini, R. (2023b). Measuring non-linear effects of exchange rate movements on reserve holdings. Corporate & Business Strategy Review, 4(1), 131–141. https://doi.org/10.22495/cbsrv4i1art12
Umoru, D., Effiong, S. E., Ugbaka, M. A., Akhor, S. O., Iyaji, D., Ofie, F. E., Ihuoma, C. C., Okla, E. S., & Obomeghie, M. A. (2023c). Modelling and estimating volatilities in exchange rate return and the response of exchange rates to oil shocks. Journal of Governance & Regulation, 12(1), 185–196. https://doi.org/10.22495/jgrv12i1art17
Vo, D. H., & Doan, B. (2021). Effects from containment and closure policies to market quality: do they matter in Vietnam during Covid-19? PLoS One, 16(4) (2021), Article e0248703
Vo, D. H., Ho, C. M., & Dang, T. H. N. (2022). Stock market volatility from the COVID-19 pandemic: new evidence from the Asia-Pacific region. Heliyon, 8(9).
Xu, H., & Hamori, S. (2012). Dynamic linkages of stock prices between the BRICs and the United States: Effects of the 2008–09 financial crisis. Journal of Asian Economics, 23(4), 344-352.
Yiu, M. S., Alex Ho, W. Y., & Choi, D. F. (2010). Dynamic correlation analysis of financial contagion in Asian markets in global financial turmoil. Applied Financial Economics, 20(4), 345-354
Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of Covid-19. Finance Resource Letters, 36, Article 101528
Zaremba, A., Kizys, R., Aharon, D. Y., & Demir, E. (2020). Infected markets: novel coronavirus, government interventions, and stock return volatility around the globe. Finance Resource Letters, 35, Article 101597