دورية أكاديمية
Institutional investment activities and stock market volatility amid COVID-19 in India
| العنوان: | Institutional investment activities and stock market volatility amid COVID-19 in India |
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| المؤلفون: | Pramod Kumar Naik, Imlak Shaikh, Toan Luu Duc Huynh |
| المصدر: | Ekonomska Istraživanja, Vol 0, Iss 0, Pp 1-19 (2021) |
| بيانات النشر: | Taylor & Francis Group |
| سنة النشر: | 2021 |
| المجموعة: | Directory of Open Access Journals: DOAJ Articles |
| مصطلحات موضوعية: | institutional investment, foreign portfolio investors, mutual funds managers, covid-19, stock market volatility, Economic growth, development, planning, HD72-88, Regional economics. Space in economics, HT388 |
| الوصف: | This article examines institutional investors' investment activities and the impact of their trading styles on market volatility amidst COVID-19 in India. Specifically, it seeks to offer a comprehensive analysis of foreign portfolio investors’ (FPIs) and domestic mutual fund managers’ (MFs) investment on equity and debt securities. It examines whether their trading activities drive market volatility during the pandemic period. Also, it explores the impact of COVID-19 on the Indian equity market. This study finds that the growth of COVID-19 does not significantly affect the stock market volatility during the study period. Precisely, the findings reveal that the FPI's net selling of equity and their overall trading activities in the debt instruments positively impact the market volatility. Findings also show that the FPI's momentum buys and contrarian sales induce market volatility, whereas the MF's trading style does not significantly influence the volatility. The Granger causality tests indicate that the FPI's net sales of equity instruments cause the return volatility and that the market volatility does not drive the equity net sales. Findings also reveal that mutual-fund managers' trading behavior does not Granger cause market volatility; instead, volatility causes MF's net selling of debt instruments. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| تدمد: | 1331-677X 1848-9664 |
| العلاقة: | http://dx.doi.org/10.1080/1331677X.2021.1982399Test; https://doaj.org/toc/1331-677XTest; https://doaj.org/toc/1848-9664Test; https://doaj.org/article/f88b208844bd43e69ff62519feee56d1Test |
| DOI: | 10.1080/1331677X.2021.1982399 |
| الإتاحة: | https://doi.org/10.1080/1331677X.2021.1982399Test https://doaj.org/article/f88b208844bd43e69ff62519feee56d1Test |
| رقم الانضمام: | edsbas.B38E719D |
| قاعدة البيانات: | BASE |
Full Text Finder | تدمد: | 1331677X 18489664 |
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| DOI: | 10.1080/1331677X.2021.1982399 |