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Shall the winning last? A study of recent bubbles and persistence

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  • Jalan, Akanksha
  • Matkovskyy, Roman
  • Potì, Valerio

Abstract

In this study, we analyze stock market performance of 43 firms that show very large price rises in COVID-19 times for the period 21/11/2019 – 20/1/2021. These cover 6 industries - work-from-home companies, stay-at-home companies, Cryptocurrency companies, Bitcoin companies, Coronavirus Vaccine companies and Coronavirus therapeutics companies. Our results demonstrate the presence of bubbles and persistence patterns.

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  • Jalan, Akanksha & Matkovskyy, Roman & Potì, Valerio, 2022. "Shall the winning last? A study of recent bubbles and persistence," Finance Research Letters, Elsevier, vol. 45(C).
    • Handle: RePEc:eee:finlet:v:45:y:2022:i:c:s1544612321002415
    DOI: 10.1016/j.frl.2021.102162
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    Cited by:

    1. Jalan, Akanksha & Matkovskyy, Roman & Urquhart, Andrew & Yarovaya, Larisa, 2023. "The role of interpersonal trust in cryptocurrency adoption," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 83(C).
    2. Jalan, Akanksha & Matkovskyy, Roman & Urquhart, Andrew, 2022. "Demand elasticities of Bitcoin and Ethereum," Economics Letters, Elsevier, vol. 220(C).

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    Keywords

    COVID19; Bubble; Persistence;
    All these keywords.

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