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Analyzing stock market signals for H1N1 and COVID-19: The BRIC case

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  • Sepúlveda Velásquez, Jorge
  • Tapia Griñen, Pablo
  • Pastén Henríquez, Boris

Abstract

In this study, stock performance of the BRIC countries is examined and compared with regards to the announcement of the H1N1 and COVID-19 pandemics. With the use of the event study methodology, we have found evidence that the reactions of these stock markets when faced with these pandemics are diverse, even though they belong to the same group. Apparently, the assimilation of previous experiences improves the actions of the financial market, by reducing the duration and magnitude of the drop in returns when faced with these events, and promoting the semi-strong form of the Efficient Market Hypothesis (EMH).

Suggested Citation

  • Sepúlveda Velásquez, Jorge & Tapia Griñen, Pablo & Pastén Henríquez, Boris, 2021. "Analyzing stock market signals for H1N1 and COVID-19: The BRIC case," MPRA Paper 108764, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108764
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    COVID-19; H1N1; BRIC; event study; pandemic.;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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