Article: Role of the macroeconomic investment assets to overcome the stock market turbulence during COVID-19 Journal: International Journal of Critical Accounting (IJCA) 2023 Vol.13 No.3 pp.249 - 262 Abstract: This study aims to examine the effects of the corona virus pandemic on the Indian stock market and to determine the role of macroeconomic investment assets in overcoming the crisis. The study also emphasises discovering effective macroeconomic instruments and determining the importance of key macroeconomic assets in safeguarding investors from various sorts of losses during this period of market turmoil. The stock market's movement and the function of various major macroeconomic assets have been explained in this study using econometric tools such as ordinary least squared method, unit root test, Johansen's co integration test, and vector error correction model. The study was conducted by considering 134 daily time series data for all variables from 2nd March 2020 to 14th September 2020. A positive impact of the investment assets on the Indian stock market is found in the study, which indicates a bi-directional relationship. The existence of strength in the relationship between these macroeconomic investment assets and stock indices on the Indian capital market is also been confirmed in the study. The study concludes that the market had responded adversely and insignificantly to the performance of the Indian stock indexes. Inderscience Publishers - linking academia, business and industry through research

Title: Role of the macroeconomic investment assets to overcome the stock market turbulence during COVID-19

Authors: Brahmananda Sahoo; Sudhansu Sekhar Nanda; Rashmita Sahoo

Addresses: Department of Management, Synergy Institute of Engineering and Technology, Dhenkanal, Odisha, India ' Department of Finance, Kirloskar Institute of Management, Harihar, Karnataka, India ' Department of Business Administration, Utkal University, Odisha, India

Abstract: This study aims to examine the effects of the corona virus pandemic on the Indian stock market and to determine the role of macroeconomic investment assets in overcoming the crisis. The study also emphasises discovering effective macroeconomic instruments and determining the importance of key macroeconomic assets in safeguarding investors from various sorts of losses during this period of market turmoil. The stock market's movement and the function of various major macroeconomic assets have been explained in this study using econometric tools such as ordinary least squared method, unit root test, Johansen's co integration test, and vector error correction model. The study was conducted by considering 134 daily time series data for all variables from 2nd March 2020 to 14th September 2020. A positive impact of the investment assets on the Indian stock market is found in the study, which indicates a bi-directional relationship. The existence of strength in the relationship between these macroeconomic investment assets and stock indices on the Indian capital market is also been confirmed in the study. The study concludes that the market had responded adversely and insignificantly to the performance of the Indian stock indexes.

Keywords: Indian stock market; macroeconomic investment assets; market turbulence; COVID-19.

DOI: 10.1504/IJCA.2023.136832

International Journal of Critical Accounting, 2023 Vol.13 No.3, pp.249 - 262

Accepted: 18 Apr 2023
Published online: 22 Feb 2024 *

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Title: Role of the macroeconomic investment assets to overcome the stock market turbulence during COVID-19

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