Work

Is there a pattern in how COVID-19 has affected Australia’s stock returns?

Year: 2021

Type: article

Abstract: Coronavirus pandemic (COVID-19) has had a dramatic effect on global stock markets. In this article, we mount an investigation on how COVID-19 has impacted the Australian stock market returns. Using a quantile regression framework, the pattern of the effect we unravel is that COVID-19 has had a heterogeneous effect on sectors of the market, with health, information technology and consumer staples gaining.

Source: Applied Economics Letters

DOI: 10.1080/13504851.2020.1861190

Authors: Paresh Kumar Narayan, Qiang Gong, Huson Joher Ali Ahmed

Institutions: Monash University, Zhongnan University of Economics and Law, Deakin University

Language: English

Topic: COVID-19 Pandemic Impacts

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: green

Funder: Asia-Pacific Applied Economics Association