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Financial Innovation

Table 3 Correlation matrix of the related variables

From: Preventing crash in stock market: The role of economic policy uncertainty during COVID-19

Variables

Skew

rCases

rEPU

rEMU

rEMV_ID

Panel A The whole sample

Skew

1.0000

    

rCases

 − 0.0221

1.0000

   

rEPU

 − 0.0690**

0.0068

1.0000

  

rEMU

 − 0.0664**

0.0151

0.2712***

1.0000

 

rEMV_ID

 − 0.0571*

0.0049

0.0281

0.0253

1.0000

Panel B Subsample with ending date January 20, 2020

Skew

1.0000

    

rCases

N/A

N/A

   

rEPU

 − 0.0511

N/A

1.0000

  

rEMU

 − 0.0545

N/A

0.2750***

1.0000

 

rEMV_ID

 − 0.0133

N/A

 − 0.0224

 − 0.0342

1.0000

Panel C Subsample with starting date January 21, 2020

Skew

1.0000

    

rCases

 − 0.0390

1.0000

   

rEPU

 − 0.1975**

0.0237

1.0000

  

rEMU

 − 0.1514*

0.0543

0.2236***

1.0000

 

rEMV_ID

 − 0.2102***

0.0070

0.4064***

0.4481***

1.0000

  1. ***, **, * represent statistical significance at 1%, 5%, and 10% levels respectively. The observations for Panel A are 917; The observations for Panel B are 761; The observations for Panel C are 156
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