<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The objective of this study is to provide insights on whether NZX 50 and sectorial indices of different industries in New Zealand have been impacted differently under the influence of COVID-19 and the measurements that government have taken in responding to the global pandemic. Results indicated that the New Zealand businesses are not immune from this pandemic despite the New Zealand government’s “go hard, go early” measure to eliminate the spread of Coronavirus. Statistical findings show that stock market and sectorial performances between the pre- and post-global pandemic period are significantly different. Most of the industries reported poorer performances except Healthcare and Consumer Staples. In addition, the NZX 50 and sectoral indices reported a significant relationship with the S&amp;P 500 indicating that as the world become more integrated, stock market performances are displaying co-movements while responding to major events.</p>
</abstract>

The objective of this study is to provide insights on whether NZX 50 and sectorial indices of different industries in New Zealand have been impacted differently under the influence of COVID-19 and the measurements that government have taken in responding to the global pandemic. Results indicated that the New Zealand businesses are not immune from this pandemic despite the New Zealand government’s “go hard, go early” measure to eliminate the spread of Coronavirus. Statistical findings show that stock market and sectorial performances between the pre- and post-global pandemic period are significantly different. Most of the industries reported poorer performances except Healthcare and Consumer Staples. In addition, the NZX 50 and sectoral indices reported a significant relationship with the S&P 500 indicating that as the world become more integrated, stock market performances are displaying co-movements while responding to major events.

Does Adapting an Elimination Strategy Insulate the New Zealand Stock Market Against the COVID-19 Pandemic?

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The objective of this study is to provide insights on whether NZX 50 and sectorial indices of different industries in New Zealand have been impacted...

Does Adapting an Elimination Strategy Insulate the New Zealand Stock Market Against the COVID-19 Pandemic?

Published Online: Oct 08, 2022

Page range: 80 - 89

DOI: https://doi.org/10.2478/sbe-2022-0026

Keywords
Business Performances, Health and Economic Development, Stock Market

© 2022 Fennee Chong, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Does Adapting an Elimination Strategy Insulate the New Zealand Stock Market Against the COVID-19 Pandemic?

Published Online: Oct 08, 2022

Page range: 80 - 89

DOI: https://doi.org/10.2478/sbe-2022-0026

KeywordsBusiness Performances, Health and Economic Development, Stock Market

© 2022 Fennee Chong, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Business Performances, Health and Economic Development, Stock Market