Publication:
Herding Behaviour in Asutralian stock market: Evidence on COVID-19 effect

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Date
2021
Authors
Espinosa Méndez, Christian
Ph.D. Arias-Moya, José
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Publisher
Applied Economics Letters
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Abstract
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.
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Keywords
COVID-19, Herding behaviour, Australia, Pandemic
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