HERDING BEHAVIOR OF BUSINESS GROUPS DURING COVID-19: EVIDENCE IN CHILE

نویسندگان

چکیده

This article investigates whether herding behavior is present in stock returns of business groups during the COVID-19 pandemic. Using series prices and daily traded volume companies that make up General Index Stock Prices Santiago de Chile Exchange (S&P/CLIGPA) from January 1, 2010 to October 9, 2020 results show COVID-19. Nevertheless, weaker group firms compared which are not affiliated groups. Then, when analyzing how evolves presence COVID-19, it found changes reverse May onwards. When inquiring about this point, lower under increasing uncertainty (number cases deaths due increases).

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ژورنال

عنوان ژورنال: Investigacion Economica

سال: 2023

ISSN: ['0185-1667', '2594-2360']

DOI: https://doi.org/10.22201/fe.01851667p.2023.324.83713