The Impact of COVID-19 on the Relation Between Retail Investors’ Trading and Stock Returns in the Chinese Market
Year: 2021
Type: article
Abstract: This paper investigates the relation between retail investors’ flows and returns during the COVID-19 pandemic in the Chinese market using the VAR model. The results show that though the positive feedback trading during the pandemic is weaker than that in the pre-COVID-19 period, the positive feedback trading following negative returns during the crisis is much stronger than that in the pre-COVID-19 period. This implies panic trading.
Source: Asian Economics Letters
DOI: 10.46557/001c.19015
Author: Tao Bing
Institution: Capital University of Economics and Business
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3136432888