Analyzing stock market signals for H1N1 and COVID-19: The BRIC case

Jorge Sepúlveda Velásquez, Pablo Tapia Griñen and Boris Pastén Henríquez

MPRA Paper from University Library of Munich, Germany

Abstract: In this study, stock performance of the BRIC countries is examined and compared with regards to the announcement of the H1N1 and COVID-19 pandemics. With the use of the event study methodology, we have found evidence that the reactions of these stock markets when faced with these pandemics are diverse, even though they belong to the same group. Apparently, the assimilation of previous experiences improves the actions of the financial market, by reducing the duration and magnitude of the drop in returns when faced with these events, and promoting the semi-strong form of the Efficient Market Hypothesis (EMH).

Keywords: COVID-19; H1N1; BRIC; event study; pandemic. (search for similar items in EconPapers)
JEL-codes: G14 G15 (search for similar items in EconPapers)
Date: 2021-06-20
New Economics Papers: this item is included in nep-cwa and nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:108764

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