Title: A systematic review of stock market responses to COVID-19 and future research agendas

Authors: Md. Azizur Rahman; Roni Bhowmik; Md. Saiful Islam; Md. Abul Kalam Azad

Addresses: Department of Finance and Banking, University of Malaya, Kuala Lumpur, Malaysia; Department of Business Administration, Daffodil International University, Dhaka, Bangladesh ' School of Business, Guangdong University of Foreign Studies, Guangzhou, China; Department of Business Administration, Daffodil International University, Dhaka, Bangladesh; Lancashire School of Business and Enterprise, University of Central Lancashire, Lancashire, UK ' Department of Finance and Banking, National University, Gazipur-1704, Bangladesh ' Department of Business and Technology Management, Islamic University of Technology, Board Bazar, Gazipur 1704, Bangladesh

Abstract: Worldwide, the COVID-19 pandemic has significantly influenced stock markets in different dimensions. This paper examines the stock market responses to COVID-19 recently and explores future research agendas. This study considers both bibliometric methods and systematic literature reviews with PRISMA guidelines. In the bibliometric part, we found that authors from China or Chinese collaborations make the highest contributions regarding the number of publications, country-wise corresponding authorship, and countries' collaboration network. However, China or Chinese collaboration papers tend to be lower in terms of the average citation score of publications compared to other top publishing countries. Second, literature review reveals that COVID-19 has positively and negatively affected global stock markets. Finally, we discuss some prospective research agendas, which clarifies the direction of future studies. Universities, organisations, and researchers in this field can use these helpful reviews to do research and learn more about future research agendas.

Keywords: COVID-19; SARS-CoV-2; stock market; systematic literature review; SLR; bibliometric.

DOI: 10.1504/GBER.2024.140856

Global Business and Economics Review, 2024 Vol.31 No.3, pp.297 - 329

Received: 12 Jul 2022
Accepted: 03 Feb 2023
Published online: 03 Sep 2024 *

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