The effects of Covid-19 related response policies on the performances of technology-driven financial services companies

ÖZER M., Vukovic D. B., Frömmel M., KAMIŞLI S.

Finance Research Letters, cilt.58, 2023 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 58
  • Basım Tarihi: 2023
  • Doi Numarası: 10.1016/j.frl.2023.104644
  • Dergi Adı: Finance Research Letters
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, ABI/INFORM
  • Anahtar Kelimeler: Covid-19 related response polices, Financial services companies, Fourier ADF unit root test, Fractional frequency flexible fourier form Toda–Yamamoto causality test
  • Bilecik Şeyh Edebali Üniversitesi Adresli: Evet

Özet

This study examines the causal connections between COVID-19-related restrictions, economic support measures, and the performance of fintech enterprises with combined Granger causality and Fractional Frequency Flexible Fourier-form Toda-Yamamoto (FFFFTY) causality tests. We find the evidence of unidirectional permanent causality running from Covid-19 related government response stringency and economic supports to the performance of the technology-driven financial services (TDFSC) in most of the countries in the sample, where traditional tests fail. Our findings indicate that these companies seem to be the primary beneficiaries of Covid-19-related policies (restrictions and economic support) implemented by governments to mitigate the negative impacts of the pandemic.