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Examining green finance resilience during the COVID-19 pandemic

David Staunton & Shaen Corbet

Economics and Business Letters2026https://doi.org/10.17811/ebl.15.1.2026.30-43article
AJG 1
Weight
0.50

What the paper says

This research investigates the market response of green and environmentally focused exchange-traded funds (ETFs) to COVID-19 variant announcements by the World Health Organisation (WHO). The results show that the direction of investor responses to COVID-19 variant announcements changed over the course of the pandemic. Initial WHO announcements triggered sharp negative market responses, reflecting heightened uncertainty and investor risk aversion. However, market resilience improved as subsequent variant announcements produced short-term positive reactions, suggesting improved investor confidence in green and environmentally-focused investment assets as a result of government support and policies designed to underpin their long-term sustainability. Results further illustrate such ETFs' potential to mitigate systemic risks and provide portfolio diversification.

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Cite this paper

https://doi.org/https://doi.org/10.17811/ebl.15.1.2026.30-43

Or copy a formatted citation

@article{david2026,
  title        = {{Examining green finance resilience during the COVID-19 pandemic}},
  author       = {David Staunton & Shaen Corbet},
  journal      = {Economics and Business Letters},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.17811/ebl.15.1.2026.30-43},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.