ArticleEconomic analysis and policy2021
COVID-19 pandemic effect on trading and returns: Evidence from the Chinese stock market.
Article in Economic analysis and policy, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
What it found
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
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Who cites it
4 citing papers in PubMed.
- How does Chinese stock market react to breaking news about COVID-19? Evidence from event study.Heliyon · 2024Article
- Monetary policy as market stabilizer in the COVID-19 pandemic.Finance research letters · 2023Article
- Firms' exposures on COVID-19 and stock price crash risk: Evidence from China.Finance research letters · 2023Article
- Does COVID-19 make the firms' performance worse? Evidence from the Chinese listed companies.Economic analysis and policy · 2022Article
Corrections and comments
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Authors and funding
2 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Using a daily foreign and institution flows data, this paper studies how institutional and foreign investors respond to the COVID-19 pandemic events in China. The results indicate that during the COVID-19 crisis foreign investors play a market stabilization role showing significant negative feedback trading, whereas institution investors do not stabilize the market. And compared to the pre-COVID-19 period, foreign investors even exhibit stronger negative feedback trading. Further analyses confirm that foreign investors' negative feedback is mainly driven by their response to negative returns. Moreover, both institutional and foreign investors' trading show stronger forecastability of future returns during the pandemic period. And the negative returns after foreigners' selling and positive returns after institutional buying are much stronger during the crisis period.
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Registered trials
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