Impact of COVID-19 lockdowns on retail stock trading patterns

Autor:	Christos Sigalas
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	COVID-19 lockdowns Retail stock trading Herd trading behavior Stock trading liquidity Stock volatility Finance HG1-9999 Economic theory. Demography HB1-3840
Zdroj:	Cogent Economics & Finance, Vol 11, Iss 1 (2023)
Druh dokumentu:	article
ISSN:	23322039 2332-2039
DOI:	10.1080/23322039.2023.2188713
Popis:	AbstractThe purpose of this paper is to explore the impact of the first wave of COVID-19 lockdowns on retail stock trading patterns, at a transnational level. Cross-sectional empirical research was utilized with five samples of public companies from the US, Europe, Asia, and blended equity capital markets globally. The impact of the first wave of COVID-19 lockdowns on stock trading patterns was investigated using median tests and the factors that influence retail stock trading were explored with regression analyses. Contrary to the conventional proposition that stock trading activity is reduced during times of crisis, the results of this study indicate that retail stock trading increased during the first wave of COVID-19 lockdowns. In addition, the findings raise awareness of the risks to novice retail investors associated with the increased stock trading due to herd behavior.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/358ef7716c164912b35a888f1a5303dc Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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