ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book provides an overview of the response and reaction of 25 countries’ stock markets to the Coronavirus disease (COVID-19) pandemic. It documents possible overreaction during early stages of pandemic and identifies patterns in market correction with time. The book examines the impact of COVID-19 pandemic on liquidity of 23 emerging markets. It provides evidence of a significant negative relationship between the number of confirmed COVID-19 cases and liquidity in 23 emerging financial markets. The book investigates the impact of the pandemic on the Indian financial market. It considers firm or sector level data to examine the impact of COVID-19 on the Chinese stock market. The book examines the impact of COVID-19 on firm-level cash holding and document that the pandemic had a significant positive effect on cash-holding levels of Chinese listed firms.
