COVID-19 announcements and investor reactions on the australian securities exchange

Document Type

Journal Article

Publication Title

Australasian Accounting, Business and Finance Journal

Volume

16

Issue

1

First Page

134

Last Page

145

Publisher

University of Wollongong Australia

School

School of Business and Law

RAS ID

43315

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

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.

DOI

10.14453/aabfj.v16i1.9

Access Rights

free_to_read

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