Aye Corona! The contagion effects of being named Corona during the COVID-19 pandemic

Shaen Corbet, Yang Hou, Yang Hu, Brian Lucey and Les Oxley

Finance Research Letters, 2021, vol. 38, issue C

Abstract: In the midst of the 2020 global COVID-19 pandemic and subsequent financial market collapse, corporate entities have to navigate a number of truly unforeseen contagion risks. However, one such group included those who shared their corporate identity with aspects of the rapidly evolving coronavirus. Our results indicate the existence of sharp, dynamic and new correlations between companies related to the term ‘corona’, outside of pre-existing interrelationships. We provide a number of observations as to why this situation occurred.

Keywords: COVID-19; Coronavirus; Contagion; Stock Market; Sentiment (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (48)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612320305134
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Aye Corona! The Contagion Effects of Being Named Corona During the COVID-19 Pandemic (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:38:y:2021:i:c:s1544612320305134

DOI: 10.1016/j.frl.2020.101591

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().