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

Paresh Kumar Narayan, Qiang Gong, Huson Joher Ali Ahmed

Research output: Contribution to journalArticleResearchpeer-review

12 Citations (Scopus)

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.

Original languageEnglish
Number of pages4
JournalApplied Economics Letters
DOIs
Publication statusAccepted/In press - 2021

Keywords

  • COVID-19
  • quantile regression
  • stock markets

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