Template-Type: ReDIF-Article 1.0 
Author-Name: Tao Bing
Author-Email:  bingtao@cueb.edu.cn
Author-Workplace-Name:  School of Finance, Capital University of Economics and Business, China
Title: The Impact of COVID-19 on the Relation Between Retail Investors' Trading and Stock Returns in the Chinese Market
Abstract:  This paper investigates the relation between retail investors’ flows and returns during the COVID-19 pandemic in the Chinese market using the VAR model. The results show that though the positive feedback trading during the pandemic is weaker than that in the pre-COVID-19 period, the positive feedback trading following negative returns during the crisis is much stronger than that in the pre-COVID-19 period. This implies panic trading.
Classification-JEL:  G15,I1
Keywords:  chinese stock market, positive feedback trading, retail investors, covid-19
Journal:  Asian Economics Letters
Pages: 1-7
Volume: 2
Issue: 1
Year:  2021
DOI:  2021/08/10
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/19015-the-impact-of-covid-19-on-the-relation-between-retail-investors-trading-and-stock-returns-in-the-chinese-market.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:29