COVID–19 media coverage and ESG leader indices

This study examines the dynamic connectedness between COVID–19 media coverage index (MCI) and ESG leader indices. Our findings provide evidence that MCI plays a role in facilitating the transmission of contagion to advanced and emerging equity markets during the pandemic. The connectedness between MCI and ESG leader indices is more pronounced around March and April 2020 at the peak of the pandemic. The US is a net receiver of shocks reaffirming that it was the most affected country during the pandemic. Our results provide implications for investors, portfolio managers, and policymakers in mitigating financial risks during the pandemic.

• Publication year

  2021

• Venue

  Finance Research Letters

• Publication date

  2021-05-25

• Fields of study

  Medicine, Business, Economics, Political Science

• Identifiers
  DOI 10.1016/j.frl.2021.102170PMID 35221818PMCID 8856890
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar, PubMed

• No claims are published for this paper.

• No concepts are published for this paper.

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