Attention to Authority: The behavioural finance of Covid-19

In this paper we investigate the predictability of cryptocurrency returns following increases in Covid-19 cases/deaths. We find that the rate of government intervention moderates the impact that Covid-19 cases/deaths have on cryptocurrency returns. We show that in periods of tightening government in...

Descripción completa

Detalles Bibliográficos
Autores principales: Burke, Matt, Fry, John, Kemp, Sean, Woodhouse, Drew
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author(s). Published by Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9225929/
https://www.ncbi.nlm.nih.gov/pubmed/35774150
http://dx.doi.org/10.1016/j.frl.2022.103081
_version_ 1784733732525047808
author Burke, Matt
Fry, John
Kemp, Sean
Woodhouse, Drew
author_facet Burke, Matt
Fry, John
Kemp, Sean
Woodhouse, Drew
author_sort Burke, Matt
collection PubMed
description In this paper we investigate the predictability of cryptocurrency returns following increases in Covid-19 cases/deaths. We find that the rate of government intervention moderates the impact that Covid-19 cases/deaths have on cryptocurrency returns. We show that in periods of tightening government intervention, increases in Covid-19 cases positively predict cryptocurrency returns. We argue that this is due to investors imputing their expectations of the pandemic through a ‘combined’ signal.
format Online
Article
Text
id pubmed-9225929
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher The Author(s). Published by Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-92259292022-06-24 Attention to Authority: The behavioural finance of Covid-19 Burke, Matt Fry, John Kemp, Sean Woodhouse, Drew Financ Res Lett Article In this paper we investigate the predictability of cryptocurrency returns following increases in Covid-19 cases/deaths. We find that the rate of government intervention moderates the impact that Covid-19 cases/deaths have on cryptocurrency returns. We show that in periods of tightening government intervention, increases in Covid-19 cases positively predict cryptocurrency returns. We argue that this is due to investors imputing their expectations of the pandemic through a ‘combined’ signal. The Author(s). Published by Elsevier Inc. 2022-10 2022-06-24 /pmc/articles/PMC9225929/ /pubmed/35774150 http://dx.doi.org/10.1016/j.frl.2022.103081 Text en © 2022 The Author(s) Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Burke, Matt
Fry, John
Kemp, Sean
Woodhouse, Drew
Attention to Authority: The behavioural finance of Covid-19
title Attention to Authority: The behavioural finance of Covid-19
title_full Attention to Authority: The behavioural finance of Covid-19
title_fullStr Attention to Authority: The behavioural finance of Covid-19
title_full_unstemmed Attention to Authority: The behavioural finance of Covid-19
title_short Attention to Authority: The behavioural finance of Covid-19
title_sort attention to authority: the behavioural finance of covid-19
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9225929/
https://www.ncbi.nlm.nih.gov/pubmed/35774150
http://dx.doi.org/10.1016/j.frl.2022.103081
work_keys_str_mv AT burkematt attentiontoauthoritythebehaviouralfinanceofcovid19
AT fryjohn attentiontoauthoritythebehaviouralfinanceofcovid19
AT kempsean attentiontoauthoritythebehaviouralfinanceofcovid19
AT woodhousedrew attentiontoauthoritythebehaviouralfinanceofcovid19

Ejemplares similares