Will Teleworking Software Benefit from Covid-19 Pandemic: A Long-term Perspective

Abstract

Since the beginning of the epidemic brought about by the new coronavirus in early 2020, people's lives and various industries around the world have received varying degrees of impact and has continued to this day. it is the Chinese market, the U.S. market or the European market, after the rapid spread of the new epidemic in the short term, investors panic, the tendency of capital risk aversion led to a large number of capital "flight" from the financial market, and thus the financial market indices fell off a cliff, but after the beginning of the epidemic online office industry also appeared in the short term However, the online office industry also experienced a great deal of positive sentiment in the short term after the epidemic began, and the market reacted to this information. VAR and ARMA-GARCH models were used to examine the impact of the pandemic outbreak on telecommuting industry returns and volatility, respectively. And we get a result that the Covid-19 affect the whole financial market more dramatically in other countries, but affect online office industry more obviously in China.