Preprint / Version 1

COVID-19: Impact on the Financial Services Sector Index

Authors

  • S Rajamohan Alagappa Institute of Management, Alagappa University, Karaikudi
  • Adil Ellikkal Alagappa Institute of Management, Alagappa University, Karaikudi
  • A Sathish Alagappa Institute of Management, Alagappa University, Karaikudi

Abstract

The COVID-19 has impacted the social as well as professional lives of people. This pandemic could be one of the most significant challenges faced by the financial services industry. Financial institutions around the world are closely monitoring and facing with the challenges of COVID-19 pandemic. Institutions are coming up with more expertise team to understand the immediate effect of this pandemic to business economies, society and other stakeholders to provide better services to the customers in this highly volatile business environment. Service sectors, including aviation, travel, and tourism, are likely to be hit the hardest. All eyes tuned to the financial services industry to see if they can respond in a manner that reduces the global economic impact of COVID-19.  This pandemic has already had a serious impact on the global financial markets, including India, and it may have accounting and reporting implications for many entities. As Corona virus started to spread all over, and more information comes to light, the after effects are more severe than expected by the experts. This paper made an attempt to study the impact of covid-19 on the financial services sector index before and after Covid-19 pandemic.

Keywords:

Coronavirus, Stock market, Financial services

Downloads

Download data is not yet available.

References

Adil, E., and Rajamohan, S. (2020). Effect of COVID-19 on Kerala’s job market. Retrieved from https://preprints.aijr.org/index.php/ap/preprint/view/209

Gaikwad, A., and Dhokare, C. S. (2020). Corona virus: The Impact of Covid-19 on India Economy. Purakala, 31(33), 242-253.

McKibbin, W. J., and Fernando, R. (2020). The global macroeconomic impacts of COVID-19: Seven scenarios. Working paper, The Australian National University. pp.1 – 25.

Rani, R. (2020). The Impact of Corona Virus on Indian Economy. Studies in Indian Place Names, 40(60), 3618-3626.

Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: Impact on the Global Economy. Available at SSRN 3562570. pp. 1-27.

Sathish A,. Abila A & Rajamohan S (2019). Impact of demonitization on stock price of BSE in Automibile sector. ZENITH International Journal of Business Economics & Management Research; ISSN 2249- 8826ZIJBEMR, Vol.9 (8), August (2019), pp. 33-43.

D. Ivanov,. (2020). predicting the impacts of epidemic outbreaks on global supply chains: A simulation-based analysis on the corona virus outbreak (COVID19/SARS-CoV-2) case, Transp. Res. E Logistics Transp. Rev., vol. 136.

Nikkinen Jussi, Vähämaa Sami. (2010) Terrorism and stock market sentiment. Financial Review., Vol. 45(2), PP. 263–275.

Horn, S., Reinhart, C. & Trebesch, C., (2019) China‘s Overseas Lending, Kiel Working, Paper No. 2132. Retrieved from https://economictimes.indiatimes.com/industry/banking/ finance/banking/indian-banks-plan-to-shut-down-mostbranches-during lockdownsources/articleshow/74824900.cms?from=mdr 21.

Asif Perwej , (2012). “The Impact and an Analytical Study of Service Quality Measurement in Leading Private Banks of India in Delhi and NCR Region”, International Journal of Computer Science and Telecommunications, Sysbase Solution (Ltd), UK, London, Vol. 3, Issue 12, Pages 32- 38.

Downloads

Posted

2021-04-27

Section

Coronavirus

Categories