Herding Behaviour in Asutralian stock market: Evidence on COVID-19 effect

被引：44

作者：

Espinosa-Mendez, Christian ^{[1
]}

Arias, Jose ^{[2
,3
]}

机构：

[1] Univ Santiago Chile, Fac Adm & Econ, Dept Adm, Santiago, Chile

[2] Univ Catolica Santisima Concepcion, Business Sch, Concepcion, Chile

[3] Middlesex Univ London, Business Sch, London NW4 4BT, England

来源：

APPLIED ECONOMICS LETTERS | 2021年 / 28卷 / 21期

关键词：

COVID-19; herding behaviour; Australia; pandemic;

D O I：

10.1080/13504851.2020.1854659

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This is the first article in investigating how COVID-19 affects Oceania's financial markets. Specifically, we investigate if COVID-19 pandemic has an effect on herding behaviour in the Australian stock market. Using a sample of all firms listed over the period from 10 June 2008 to 19 June 2020, we find evidence that COVID-19 pandemic increases herding behaviour. The results report that herding behaviour manifests during crisis and extreme periods.

引用

页码：1898 / 1901

页数：4

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