Economic Studies - Research Publications

Permanent URI for this collectionhttps://kr.cup.edu.in/handle/32116/141

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    How the COVID-19 Pandemic has Affected Transgender Community People: Findings From a Telephonic Survey in Odisha
    (SAGE Publications Inc., 2022-06-14T00:00:00) Barik, Rajesh; Pattayat, Shiba Shankar
    Alike any other marginalized groups of people, the unexpected outbreak of COVID-19 virus has also catastrophically damaged the lifestyle of the transgender persons in Odisha. In order to understand the life struggle of transgender people during the world pandemic, this study is an attempt to examine their life experience throughout the pandemic and their strategic plans to deal with such tragic crisis. To materialize the above cited objectives, we have conducted 30 telephonic interviews from two cities (Cuttack and Bhubaneswar) of Odisha. We asked some open-ended questions regarding their struggle to survive, family support, availability of government assistances and accessibility of basic services and their mental conditions during the pandemic time. Our finding from the survey depicts that there was much fear and insecurity among the transgender people during the pandemic time. Because of the loss of basic earnings, shortage of foods and unavailability of other basic essentials, with the sense of group solidarity, they managed to survive with meagre substances. However, lack of family support during the pandemic, exclusion from government benefits, restrictions in social mobility and the fear of COVID-19 virus infection led to increase their mental distress and made their life more miserable. � 2022 Indian Institute of Management, Ahmedabad.
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    Is the Impact of COVID-19 Significant in Determining Equity Market Integration? Insights from BRICS Economies
    (SAGE Publications Ltd, 2022-01-21T00:00:00) Mishra, P.K.; Mishra, S.K.
    This article examined the impact of the unanticipated outbreak of global public health crisis, COVID-19 pandemic, on the equity market performances and on the degree of integration of these markets in BRICS bloc. The empirical analyses lend support to the weakened equity market integration in the BRICS economies amid the pandemic, and the key driving forces include the rate of inflation, the real rate of interest, real exchange rate and composite leading indicator in the long-run, and trade performance and composite leading indicator in the short-run. The implications on the one hand, indicate increased opportunities for international portfolio diversification, and on the other hand, suggest for controlling the macroeconomic uncertainties of inflation, interest rate and exchange rate fluctuations during global health crisis to promote stable economic conditions for ensuring equity market integration in the long-run. � 2022 Emerging Markets Forum, Washington DC.
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    Stock markets� responses to COVID-19 in developing countries: evidence from the SAARC region
    (Inderscience Publishers, 2022-05-18T00:00:00) Mishra, P.K.; Mishra, S.K.
    This study examined the stock markets� responses to the unprecedented outbreak of the COVID-19 pandemic in SAARC countries. The results support these countries� surge in stock market return volatilities amid the rapid spread of the COVID-19 infection caused by investors� pessimistic sentiments. The intensive media coverage of information related to the pandemic has weakened investors� sentiments and caused sudden market plunges in the SAARC region. During the pandemic, the performances of the stock markets in SAARC countries are found to be influenced by the number of COVID-19 confirmed and death cases, and movements in the fear index. The implication is that the stock markets of the SAARC region do not qualify to be semi-strong information efficient. This implication is important for investors. Copyright � 2022 Inderscience Enterprises Ltd.
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    Do Banking and Financial Services Sectors Show Herding Behaviour in Indian Stock Market Amid COVID-19 Pandemic? Insights from Quantile Regression Approach
    (SAGE Publications Ltd, 2021-07-24T00:00:00) Mishra, P.K.; Mishra, S.K.
    In India, the coronavirus (COVID-19) pandemic-induced country-wide regulatory lockdown and consequential supply-chain disruptions and market instability have all posed serious challenges before the regulators and policymakers. Amid the pandemic, the stock market showed return volatilities primarily due to the unexpected investors� behaviour. One of the behavioural biases is herding, which has the power to wreck the market equilibrium and shatter the market efficiency. Given that the pandemic has generated unprecedented spirals of uncertainties across the globe, thereby creating interruptions in the pattern of stock market investment decisions, this study examined the herding behaviour of 54 stocks of banking and financial services sectors listed in the national stock exchange. In the quantile regression framework, the study provides evidence of the presence of herding for public sector banking and financial services under the bull market conditions during the pandemic in the 90th quantile of the return distribution. This finding has implications for the mispricing of financial assets in these sectors. So, the study suggests removing information asymmetry among the market participants and devising policy initiatives for ensuring market stability. � 2023 Association of Asia Scholars.
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    COVID-19 pandemic and stock market reaction: empirical insights from 15 Asian countries
    (Routledge, 2021-05-31T00:00:00) Mishra, Pabitra Kumar; Mishra, Santosh Kumar
    Since 2020, the world has been passing through a difficult time due to the outbreak of COVID-19 Pandemic. This novel public health emergency has created both demand- and supply-side shocks affecting both real and financial sectors of economies globally. One of the noteworthy immediate consequences of it was sudden nosedive of stock markets across countries in the globe. In this pre-text, this study examined the stock market behaviour in 15 selected Asian markets amid the pandemic. The results infer about the surge in market return volatilities amid the rapid spread of the coronavirus which was primarily triggered through the impaired investors� sentiments due to the announcement effects. During this period, the stock market performances in selected Asian countries have been observed to be influenced by the reporting of the number of COVID-19 confirmed cases and death cases, stock index returns, market volatility, oil prices, inflation rate, and interest rates. � 2021 Denfar Transnational Development INC.