COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns
Coronavirus (COVID-19) has been the greatest disrupting pandemic that results in economy and social devastations. This study aims to explore the impact of novel COVID-19 pandemic on Islamic stock market returns in Malaysia. We find that COVID-19 new cases exert negative and significant effect on Isl...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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UiTM Press
2022-06-01
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| Series: | Journal of International Business, Economics and Entrepreneurship |
| Subjects: | |
| Online Access: | https://myjms.mohe.gov.my/index.php/JIBE/article/view/18660/9889 |
| _version_ | 1827631455526715392 |
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| author | Lain-Tze Tee Si-Roei Kew |
| author_facet | Lain-Tze Tee Si-Roei Kew |
| author_sort | Lain-Tze Tee |
| collection | DOAJ |
| description | Coronavirus (COVID-19) has been the greatest disrupting pandemic that results in economy and social devastations. This study aims to explore the impact of novel COVID-19 pandemic on Islamic stock market returns in Malaysia. We find that COVID-19 new cases exert negative and significant effect on Islamic stock market returns. In addition, COVID-19 deaths significantly and adversely influence Islamic stock market returns. Particularly, the findings reveal that higher levels of COVID-19 new cases and deaths tend to reduce Islamic stock returns in Malaysia. Interestingly, we document that vaccinations have no impact in influencing Islamic stock market returns, signifying that vaccinations are not effective in improving Islamic stock market returns in Malaysia over the sample period. Our findings provide important implications for academics, policymakers and investors to comprehend the effect of COVID-19 on Islamic stock returns. The results suggest that Islamic stock investments in Malaysia do not show as a superior investment option during the health crisis. |
| first_indexed | 2024-03-09T14:21:08Z |
| format | Article |
| id | doaj.art-f3b09b34e8464a5dbb0a9d1ad96239bd |
| institution | Directory Open Access Journal |
| issn | 2550-1429 |
| language | English |
| last_indexed | 2024-03-09T14:21:08Z |
| publishDate | 2022-06-01 |
| publisher | UiTM Press |
| record_format | Article |
| series | Journal of International Business, Economics and Entrepreneurship |
| spelling | doaj.art-f3b09b34e8464a5dbb0a9d1ad96239bd2023-11-28T11:30:59ZengUiTM PressJournal of International Business, Economics and Entrepreneurship2550-14292022-06-017112 1810.24191/jibe.v7i1.18660COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market ReturnsLain-Tze Tee0Si-Roei Kew1Faculty of Economics and Management, Universiti Kebangsaan Malaysia (The National University of Malaysia), Malaysia.Faculty of Economics and Management, Universiti Kebangsaan Malaysia (The National University of Malaysia), Malaysia.Coronavirus (COVID-19) has been the greatest disrupting pandemic that results in economy and social devastations. This study aims to explore the impact of novel COVID-19 pandemic on Islamic stock market returns in Malaysia. We find that COVID-19 new cases exert negative and significant effect on Islamic stock market returns. In addition, COVID-19 deaths significantly and adversely influence Islamic stock market returns. Particularly, the findings reveal that higher levels of COVID-19 new cases and deaths tend to reduce Islamic stock returns in Malaysia. Interestingly, we document that vaccinations have no impact in influencing Islamic stock market returns, signifying that vaccinations are not effective in improving Islamic stock market returns in Malaysia over the sample period. Our findings provide important implications for academics, policymakers and investors to comprehend the effect of COVID-19 on Islamic stock returns. The results suggest that Islamic stock investments in Malaysia do not show as a superior investment option during the health crisis.https://myjms.mohe.gov.my/index.php/JIBE/article/view/18660/9889coronavirus (covid-19)casesdeathsislamic indicesstock returnsvaccinations |
| spellingShingle | Lain-Tze Tee Si-Roei Kew COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns Journal of International Business, Economics and Entrepreneurship coronavirus (covid-19)cases deaths islamic indices stock returns vaccinations |
| title | COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns |
| title_full | COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns |
| title_fullStr | COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns |
| title_full_unstemmed | COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns |
| title_short | COVID-19 Cases, Deaths, Vaccinations and Malaysian Islamic Stock Market Returns |
| title_sort | covid 19 cases deaths vaccinations and malaysian islamic stock market returns |
| topic | coronavirus (covid-19)cases deaths islamic indices stock returns vaccinations |
| url | https://myjms.mohe.gov.my/index.php/JIBE/article/view/18660/9889 |
| work_keys_str_mv | AT laintzetee covid19casesdeathsvaccinationsandmalaysianislamicstockmarketreturns AT siroeikew covid19casesdeathsvaccinationsandmalaysianislamicstockmarketreturns |