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

Christian Espinosa-Méndez and José Arias

Applied Economics Letters, 2021, vol. 28, issue 21, 1898-1901

Abstract: 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.

Date: 2021
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DOI: 10.1080/13504851.2020.1854659

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