Impact of mega-sporting events on the host countries’ stock market performance and economic growth: Evidenced from the Southeast Asian Games

Clicks: 1
ID: 286180
2023
Free PDF
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This article has not been analysed, so there is no overall score — reader engagement is measured and shown alongside.
AI Quality Assessment
Not analyzed
Readership in this journal

Ranked #2,976 of 3,757 articles by views in Malay Journal

Most read Least read

Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 3,757 in total.

Mint this article as an NFT
Not yet minted

Create a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.

5 SUSD one-off · no wallet required
Sign in to mint
Abstract
The study assessed the impact of the 2011-2021 SEA Games on the stock markets and economies of host countries namely Indonesia, Singapore, Malaysia, Philippines, and Vietnam. It covered daily closing index prices surrounding the event period for each event and further covered the SDG 8 economic indicators, particularly the GDP growth rate, GDP per capita growth rate, GDP per employed person growth rate, and unemployment rate. The researchers performed various statistical methods, including descriptive statistics, ANOVA test, EGARCH model, Granger causality test, Kruskal-Wallis test, and Wilcoxon Signed-Rank test. These methods revealed whether each SEA Games had significantly impacted the stock market of its host country and whether the five SEA Games had significantly impacted the economies of host countries using non-parametric methods. The 2017 and 2021 SEA Games had a significant impact on stock market returns and volatility of FBM KLCI and VNI, respectively, during the event. STI’s market volatility during the event was also affected by the 2015 SEA Games. Furthermore, the SEA Games in 2015, 2017, and 2021 had significant impact on their host countries’ market returns and volatilities after the event. Likewise, there are statistically significant variations in economic indicators, with the exception of the unemployment rate, before and during the event. The study’s findings provide benefits to global traders and investors, potential and repeat host countries, and sustainable development goals. Keywords: ASEAN, SEA Games, stock market, economy, returns, volatility, stock market index, SDG, EGARCH, Granger causality Test, Kruskal-Wallis Test, Wilcoxon Test
Reference Key
persistent_1760657813_68f181951ff19 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Lin, Michelle Chen
Journal Malay Journal
Year 2023
DOI
DOI not found
URL
https://animorepository.dlsu.edu.ph/etdb_finman/80
Keywords Keywords not found

Citations

No citations found. To add a citation, contact the admin at info@scimatic.org

Comments

No comments yet. Be the first to comment on this article.