2024, Vol. 7, Issue 1

Purpose: The study aims to identify the reasons behind volatility in stock markets pre or post COVID for getting insights that may be beneficial for coping with similar situations in the future.

Design/Methodology/Approach: To analyze the same, the paper has review procedures used in the study as following (Anggraini et al., 2021) with modifications, also adopted systematic literature review with the help of VOS Viewer and Biblioshiny to conducted review of included analysis of co-words to map themes. Reviewed articles were identified by entering the search keywords “Pandemic AND Stock Markets”, “Pandemic AND Volatility”, “Stock market volatility” and “COVID-19 Pandemic” in the Scopus Database. A set of criteria was applied, 77 articles were used in this subsequent analysis. There is a recognition of country setting and recognised their findings, and the lessons learned are further determined.

Findings: As per WHO, COVID-19 has been designated a global pandemic as its impact is seen in many countries, many researchers have adopted the setting in 2 or more countries i.e. International. 6 clusters of themes are identified namely. Thus, the several lessons learnt cover several elements related to the stock market.