Organizations and Markets in Emerging Economies, Vol 14, Iss 1(27) (2023)
COVID-19, market liquidity, efficiency, Indian stock market, multi-dimensional approach, country lockdown, Business, HF5001-6182, Economics as a science, and HB71-74
The study examines the market efficiency, multi-dimensions of liquidity, and their interconnectedness for the Emerging Indian Stock Market. In contrast to the extant literature, the current study involves testing the market liquidity considering multi-dimensions such as depth, breadth, immediacy, tightness, and resiliency. Second, the study used a battery of tests to determine efficiency, including the Ljung and Box, runs test, Bartel test, Variance ratio, and BDS tests. Furthermore, using five quintiles classified by market depth, the linkage of market efficiency and liquidity is also being investigated. The findings show that during the pandemic, the Indian stock market has been proven to be efficient, suggesting that there are no abnormal returns. Moreover, the research demonstrates that during the COVID-19 pandemic, large volumes of securities are traded quickly and at a lower price effect, but with higher trading costs for completing a market transaction. However, it is worth noting that increased liquidity equates to greater efficiency, while lower liquidity equates to inefficiency.
Rasheed Mohammad Nassr, Abdulaziz Aborujilah, Danah Ahmed Aldossary, and Alia Ahmed Abdullah Aldossary
IEEE Access, Vol 8, Pp 186939-186950 (2020)
COVID-19 epidemic, country lockdown, online learning, Malaysia, Electrical engineering. Electronics. Nuclear engineering, and TK1-9971
The COVID-19 pandemic has struck the world and forced countries to go into lockdown including education sector. Students have been staying in hostels or houses, unable to go to university campuses. This situation has left university administrators no choice, but to have an online learning channel. Malaysian universities in particular have gone through many challenges to bring their online learning system up and ready to resume education process. However, students have found themselves caught in this situation (pure online learning) with no plan or readiness. Literature reviews showed that students encountered some challenges that could not be easily resolved. This study explored the challenges encountered by students of a government-linked university. This university is one of the largest in Malaysia with over 10 campuses across the country. This study collected 284 valid answers. The findings show that respondents lacked full readiness in this situation physically, environmentally, and psychologically with some differences in perspectives according to their gender, age, and residing state. Respondents were concerned about the implications of lockdown on their performance. The findings of this study indicate that a sudden switch to a pure online alternative creates considerable challenges to students who have no plans to be physically apart from classes. The findings also indicate that the current blended learning process which uses online learning as a support mechanism for face-to-face learning has faced a considerable challenge to replace it, particularly with unprepared students.
Business Day: Web Edition Articles (Johannesburg, South Africa), March 23, 2020 Markets, 1pp
The rand reached a record low on Monday, as SA reported more cases of the coronavirus and amid the lockdowninduced uncertainty among investors. The number of confirmed cases of the Covid19 has increased in a matter of weeks, prompting authorities to take tough measures. Many believe the country will be placed in lockdown in an effort to curb the rapid spread of the virus...