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Ph.D. Arias-Moya, Jose
Research Outputs
COVID-19 effect on herding behaviour in European capital markets
2021, Espinosa Méndez, Christian, Arias-Moya, Jose
This article investigates whether COVID-19 pandemic had an effect on herding behaviour in Europe. Using a sample from the stock exchanges of France (Paris), Germany (Frankfurt), Italy (Milan), United Kingdom (London) and Spain (Madrid), over the period from January 03, 2000 to June 19, 2020, we found robust evidence that COVID-19 pandemic increased herding behaviour in the capital markets of Europe.
Herding Behaviour in Asutralian stock market: Evidence on COVID-19 effect
2021, Espinosa Méndez, Christian, Arias-Moya, Jose
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.