The Impact of Coronavirus Epidemic on the Financial Market Performance in the Kingdom of Bahrain

DOI: 10.46988/IJIHRM.02.02.2021.005

Authors

  • Fatema Hassan Department of Banking and Financial Sciences, College of Administrative and Financial Sciences, Gulf University, Kingdom of Bahrain
  • Dr. Ahmad Gharaibeh Department of Banking and Financial Sciences, College of Administrative and Financial Sciences, Gulf University, Kingdom of Bahrain

Abstract

This study has investigated the impact of coronavirus epidemic on the Financial Markets performance in the Kingdom of Bahrain. The study uses the
data of COVID-19 based on daily positive cases and the closing prices of Bahrain index from the date 1st of March 2020 to end of May 2021. In
addition, this study uses Crude oil prices as a control variable on the relationship between coronavirus epidemic and financial markets performance.
The study used SPSS to analyze the influence of pandemic of COVID-19 positive cases as the independent variable, and Bahrain Financial market
performance as the dependent variable. The research findings revealed that the coronavirus epidemic has negatively influenced the financial market
performance in the Kingdom of Bahrain. This means that positive coronavirus cases had a significant impact on the stock market prices from 1st March
2020 to May 2021 in the Kingdom of Bahrain. It is recommended that Bahrain’s government promoting the vaccination for all Bahrain’s residents to
get rid of the virus quickly, and preserve the people health, which may result in the regaining of the financial market performance.

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Published

2021-10-01

How to Cite

Hassan, F., & Gharaibeh, D. A. (2021). The Impact of Coronavirus Epidemic on the Financial Market Performance in the Kingdom of Bahrain: DOI: 10.46988/IJIHRM.02.02.2021.005. International Journal of Intellectual Human Resource Management (IJIHRM), 2(02), 32-42. Retrieved from https://journals.gulfuniversity.org/index.php/ijihrm/article/view/91

Issue

Vol. 2 No. 02 (2021): International Journal of Intellectual Human Resource Management (IJIHRM)

Section

Articles