THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE

The aim of the research was to find out the opinions of stockbrokers working at the WarsawStock Exchange regarding the behaviour of Polish investors in the face of the coronavirus(COVID-19) pandemic. The research was carried out among 51 stockbrokers representingbrokerage houses with a long history...

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Main Author: Marta Wiśniewska
Format: Article
Language:English
Published: Wydawnictwo SGGW - Warsaw University of Life Sciences Press 2020-06-01
Series:Polityki Europejskie, Finanse i Marketing
Subjects:
Online Access:https://pefim.sggw.pl/article/view/5258
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author Marta Wiśniewska
author_facet Marta Wiśniewska
author_sort Marta Wiśniewska
collection DOAJ
description The aim of the research was to find out the opinions of stockbrokers working at the WarsawStock Exchange regarding the behaviour of Polish investors in the face of the coronavirus(COVID-19) pandemic. The research was carried out among 51 stockbrokers representingbrokerage houses with a long history of operations. It has been found that psychologicalconditions of people and stock market sentiments play an important role in the decision-makingprocess, and irrational investor behaviours, including largely herd effects, are particularly evidentduring the pandemic. The research shows that the occurrence of the coronavirus has not reducedthe activity of Polish investors. Thus, significantly growing interest in shares of companies listedon the Warsaw Stock Exchange has been noted. The behaviour and attitude of market participantstowards risk were volatile during the developing pandemic, which manifested itself in rapid buyingof overvalued assets or rapid selling of assets.
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spelling doaj-art-f92648bdba464e058e9dff3da49ae20a2025-02-02T07:11:18ZengWydawnictwo SGGW - Warsaw University of Life Sciences PressPolityki Europejskie, Finanse i Marketing2081-34302544-06402020-06-0127(76)10.22630/PEFIM.2022.27.76.10THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCEMarta Wiśniewska0Jan Kochanowski University in KielceThe aim of the research was to find out the opinions of stockbrokers working at the WarsawStock Exchange regarding the behaviour of Polish investors in the face of the coronavirus(COVID-19) pandemic. The research was carried out among 51 stockbrokers representingbrokerage houses with a long history of operations. It has been found that psychologicalconditions of people and stock market sentiments play an important role in the decision-makingprocess, and irrational investor behaviours, including largely herd effects, are particularly evidentduring the pandemic. The research shows that the occurrence of the coronavirus has not reducedthe activity of Polish investors. Thus, significantly growing interest in shares of companies listedon the Warsaw Stock Exchange has been noted. The behaviour and attitude of market participantstowards risk were volatile during the developing pandemic, which manifested itself in rapid buyingof overvalued assets or rapid selling of assets.https://pefim.sggw.pl/article/view/5258coronavirus pandemicbehavioural financeinvestment decisions
spellingShingle Marta Wiśniewska
THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE
Polityki Europejskie, Finanse i Marketing
coronavirus pandemic
behavioural finance
investment decisions
title THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE
title_full THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE
title_fullStr THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE
title_full_unstemmed THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE
title_short THE IMPACT OF THE CORONAVIRUS (COVID-19) PANDEMIC ON INVESTORS’ BEHAVIOUR IN THE LIGHT OF BEHAVIOURAL FINANCE
title_sort impact of the coronavirus covid 19 pandemic on investors behaviour in the light of behavioural finance
topic coronavirus pandemic
behavioural finance
investment decisions
url https://pefim.sggw.pl/article/view/5258
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AT martawisniewska impactofthecoronaviruscovid19pandemiconinvestorsbehaviourinthelightofbehaviouralfinance