Topical Collection "The Impact of COVID-19 Outbreak on Business Sustainability and Risk Analysis"


Prof. Dr. Jawad Syed Shahzad
E-Mail Website
Guest Editor
Montpellier Business School, 2300, Avenue des Moulins, 34185 Montpellier, France
Interests: risk; financial markets; applied economics and finance
Dr. Muhammad Abubakr Naeem
E-Mail Website
Guest Editor
School of Economics and Finance, Massey University, Palmerston North, New Zealand
Interests: finance; financial economics; applied financial econometrics

Topical Collection Information

Dear Colleagues,

Risk measurement, assessment, and management have never been so important as they are today. The stock markets almost crashed. Cryptocurrencies (especially Bitcoin), an innovative idea meant to deal with a high-risk situation like the COVID19 pandemic, are failing (at least, the data say so). Interest rates are negative with high debts, and unemployment insurance claims are on the rise. The outlook is not so pleasant, and it is high time for academia to re-think and produce out-of-the-box solutions that can serve humanity in general and finance knowledge specifically.

The outbreak of COVID-19 has caused a volatile financial climate and triggered a global economic freeze. The shock of COVID-19 has spread, like a tsunami, across the globe. The lockdown and health crisis forcing business closures have resulted in higher economic and fiscal policy uncertainties. Similarly, the severe impact of COVID-19 on global demand induces higher probabilities of tail risks. Identifying COVID19-associated risk and alternative investment assets, such as gold, is critical for addressing tail risks.

This Special Issue aims to collect high-quality, unpublished, observational research articles and notes within the context of evaluating the challenges associated with risk measurement, assessment, and management in the wake of the COVID-19 pandemic crisis.

Prof. Dr. Jawad Syed Shahzad
Dr. Muhammad Abubakr Naeem
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the collection website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.


  • COVID19
  • financial crisis
  • economic uncertainty
  • stock markets
  • cryptocurrencies
  • volatility clustering
  • financial risk management
  • alternate investments
  • hedge
  • safe havens
  • asset allocation and portfolio management
  • sustainable finance
  • geopolitical risk
  • informational efficiency

Published Papers

This collection is now open for submission.
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