Article ; Online: Risk contagion of COVID-19 in Japanese firms: A network approach.
Research in international business and finance
2021 Volume 58, Page(s) 101491
Abstract: ... we analyze the effect of COVID-19 on Japanese firms through correlation-based network and credit ... 19 parameters and COVID-19 parameters are almost the only risk factors that impact a firm's credit ... Our research objective is to assess the contagion effect on Japanese firms and to evaluate the Japanese ...
| Abstract | The novel coronavirus disease (COVID-19) is one of the worst pandemics in human history. Our research objective is to assess the contagion effect on Japanese firms and to evaluate the Japanese government's COVID-19 measures during the period from April 7, 2020, to May 25, 2020. We propose a susceptible-infected-recovered-dead model for COVID-19 and derive COVID-19 parameters for Japan. Subsequently, we analyze the effect of COVID-19 on Japanese firms through correlation-based network and credit risk analyses. The main findings are that the Tokyo Stock Price Index moved in the opposite direction of COVID-19 parameters and COVID-19 parameters are almost the only risk factors that impact a firm's credit risk during the period. Finally, we find that the interconnection analysis between the COVID-19 infection network and the financial networks contribute to the existing pandemic risk management knowledge. |
|---|---|
| Language | English |
| Publishing date | 2021-07-07 |
| Publishing country | United States |
| Document type | Journal Article |
| ISSN | 1878-3384 |
| ISSN (online) | 1878-3384 |
| DOI | 10.1016/j.ribaf.2021.101491 |
| Database | MEDical Literature Analysis and Retrieval System OnLINE |
Full text online
More links
Kategorien
Order via subito
This service is chargeable due to the Delivery terms set by subito. Orders including an article and supplementary material will be classified as separate orders. In these cases, fees will be demanded for each order.
Inter-library loan at ZB MED
Your chosen title can be delivered directly to ZB MED Cologne location if you are registered as a user at ZB MED Cologne.