COVID-19 announcements and investor reactions on the australian securities exchange
Abstract
The extraordinary situation due to COVID-19 pandemic has created an opportunity to examine the behavioural patterns of investors by way of the level of trading activities on the Australian Securities Exchange (ASX) around the releases of crucial information regarding the COVID-19 pandemic. This study aims to identify abnormal trading volume at ASX around eight selected significant announcements and measures of the COVID-19 pandemic in Australia. The study finds sufficient evidence to indicate that the COVID-19 announcements and calculations influence investor decisions on the ASX as the pandemic evolved.
Document Type
Journal Article
Date of Publication
1-1-2022
Volume
16
Issue
1
Publication Title
Australasian Accounting, Business and Finance Journal
Publisher
University of Wollongong Australia
School
School of Business and Law
RAS ID
43315
Copyright
free_to_read
First Page
134
Last Page
145
Comments
Djajadikerta, H. G., Trireksani, T., & Appiagyei, K. (2022). COVID-19 announcements and investor reactions on the Australian Securities Exchange. Australasian Business, Accounting and Finance Journal, 16(1), 134-145.
https://doi.org/10.14453/aabfj.v16i1.9