Acceso abierto

Market Reactions to Government Support Packages During the Pandemic in North Macedonia


Cite

Acharya, V. V., & Steffen, S. (2020). The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID. The Review of Corporate Finance Studies, 9(3), 430–471. https://doi.org/10.1093/rcfs/cfaa013 Search in Google Scholar

Alam, Md. M., Wei, H., & Wahid, A. N. M. (2021). COVID-19 outbreak and sectoral performance of the Australian stock market: An event study analysis. Australian Economic Papers, 60(3), 482–495. https://doi.org/10.1111/1467-8454.12215 Search in Google Scholar

Albuquerque, R., Koskinen, Y., Yang, S., & Zhang, C. (2020). Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash. The Review of Corporate Finance Studies, 9(3), 593–621. https://doi.org/10.1093/rcfs/cfaa011 Search in Google Scholar

Alfaro, L., Chari, A., Greenland, A. N., & Schott, P. K. (2020). Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time (Working Paper No. 26950). National Bureau of Economic Research. https://doi.org/10.3386/w26950 Search in Google Scholar

Ashraf, B. N. (2020). Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets. Journal of Behavioral and Experimental Finance, 27, 100371. https://doi.org/10.1016/j.jbef.2020.100371 Search in Google Scholar

Baker, S. R., Bloom, N., Davis, S. J., Kost, K., Sammon, M., & Viratyosin, T. (2020). The Unprecedented Stock Market Reaction to COVID-19. The Review of Asset Pricing Studies, 10(4), 742–758. https://doi.org/10.1093/rapstu/raaa008 Search in Google Scholar

Brown, S. J., & Warner, J. B. (1985). Using daily stock returns: The case of event studies. Journal of Financial Economics, 14(1), 3–31. https://doi.org/10.1016/0304-405X(85)90042-X Search in Google Scholar

Davis, S. J., Hansen, S., & Seminario-Amez, C. (2020). Firm-Level Risk Exposures and Stock Returns in the Wake of COVID-19 (Working Paper No. 27867). National Bureau of Economic Research. https://doi.org/10.3386/w27867 Search in Google Scholar

Ding, W., Levine, R., Lin, C., & Xie, W. (2021). Corporate immunity to the COVID-19 pandemic. Journal of Financial Economics, 141(2), 802–830. https://doi.org/10.1016/j.jfineco.2021.03.005 Search in Google Scholar

Dyckman, T., Philbrick, D., & Stephan, J. (1984). A Comparison of Event Study Methodologies Using Daily Stock Returns: A Simulation Approach. Journal of Accounting Research, 22, 1–30. JSTOR. https://doi.org/10.2307/2490855 Search in Google Scholar

Fahlenbrach, R., Rageth, K., & Stulz, R. M. (2021). How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis. The Review of Financial Studies, 34(11), 5474–5521. https://doi.org/10.1093/rfs/hhaa134 Search in Google Scholar

Finance Think. (2020). Macroeconomic monitor 9(2). Finance Think. Available only in Macedonian. MMonitor_Q22020.pdf (financethink.mk) Search in Google Scholar

Georgieva Svrtinov, V., Miteva-Kacarski, E., & Paceskoski, V. (2021). Banking sector performance during the COVID-19 crisis in the Republic of North Macedonia. Journal of Economics, Special Issue, 221–230. Search in Google Scholar

Heyden, K. J., & Heyden, T. (2021). Market reactions to the arrival and containment of COVID-19: An event study. Finance Research Letters, 38, 101745. https://doi.org/10.1016/j.frl.2020.101745 Search in Google Scholar

Jolevski, F., & Madzarevic-Sujster, S. (2022). COVID-19- A Struggling Recovery for the Private Sector in North Macedonia [Brief]. World Bank. https://openknowledge.worldbank.org/handle/10986/37746 Search in Google Scholar

Klose, J., & Tillmann, P. (2021). COVID-19 and Financial Markets: A Panel Analysis for European Countries. Jahrbücher Für Nationalökonomie Und Statistik, 241(3), 297–347. https://doi.org/10.1515/jbnst-2020-0063 Search in Google Scholar

Kolari, J. W., & Pynnonen, S. (2011). Nonparametric rank tests for event studies. Journal of Empirical Finance, 18(5), 953–971. https://doi.org/10.1016/j.jempfin.2011.08.003 Search in Google Scholar

Konstantinovic & Milosevski (2020). The second package of economic measures is enacted to tackle the COVID-19 crisis. Konstantinovic & Milosevski. April 1. https://konstantinovic-milosevski.mk/2020/04/01/the-second-package-of-economic-measures-is-enacted-to-tackle-the-covid-19-crisis/ Search in Google Scholar

Pacicco, F., Vena, L., & Venegoni, A. (2018). Event study estimations using Stata: The estudy command. Stata Journal, 18(2), 461–476. Search in Google Scholar

Petrushevska, D. (2020a). N. Macedonia unveils new stimulus package to spur coronavirus-hit economy. See News. May 18. https://seenews.com/news/n-macedonia-unveils-new-stimulus-package-to-spur-coronavirus-hit-economy-699160 Search in Google Scholar

Petrushevska, D. (2020b). N. Macedonia unveils 470 mln euro support package in response to COVID-19. See News. September 28. https://seenews.com/news/n-macedonia-unveils-470-mln-euro-support-package-in-response-to-covid-19-715107 Search in Google Scholar

Ramelli, S., & Wagner, A. F. (2020). Feverish Stock Price Reactions to COVID-19*. The Review of Corporate Finance Studies, 9(3), 622–655. https://doi.org/10.1093/rcfs/cfaa012 Search in Google Scholar

Sloboden Pecat. (2020). Government with a package of measures due to the coronavirus: Each company will be able to get a loan of 3 to 30.000 euros. Sloboden Pecat. March 18. https://www.slobodenpecat.mk/en/vladata-so-paket-merki-poradikoronavirusot-sekoja-kompanija-ke-mozhe-da-dobie-od-3-do-30-000-evra-kredit/ Search in Google Scholar

Srbinoski B., Poposki K., Dencic-Mihajlov K. and Pavlovic M. (2021). The Economics of the Name Change: Long-term Adjustments towards EU/NATO or Short-term Resolution of Political Uncertainty? Organizations and Markets in Emerging Economies, 12(1), 86-105. https://doi.org/10.15388/omee.2021.12.49 Search in Google Scholar

Srbinoski, B., Petreski, B., & Petreski, M. (2022). The covid-19 impact on exports in North Macedonia—Firm-level analysis. Economic Research-Ekonomska Istraživanja, 1–28. https://doi.org/10.1080/1331677X.2022.2063918 Search in Google Scholar

Stojkoski, V., Jolakoski, P., & Ivanovski, I. (2021). The short-run impact of COVID-19 on the activity in the insurance industry in the Republic of North Macedonia. Risk Management and Insurance Review, 24(3), 221–242. https://doi.org/10.1111/rmir.12187 Search in Google Scholar

Yang, H., & Deng, P. (2021). The Impact of COVID-19 and Government Intervention on Stock Markets of OECD Countries. Asian Economics Letters, 1(4). https://doi.org/10.46557/001c.18646 Search in Google Scholar

eISSN:
2217-3668
Idioma:
Inglés
Calendario de la edición:
4 veces al año
Temas de la revista:
Business and Economics, Political Economics, other, Business Management