Investors’ behavior during the covid-19 pandemic

case of investors in the Central African Stock Market

Authors

  • TIONA WAMBA Joseph Herman Université of Douala Cameroun
  • FOFACK Bertrand
  • FEUMBIE KAMGA Chimène Aimée
  • EYENGA MEKE Cyril Patrick

DOI:

https://doi.org/10.59051/joaf.v11i2.416

Keywords:

Securities, Investors, Financial market, Emerging market, Equity shares

Abstract

This article examines the plausible effect of the Covid-19 pandemic on shareholder behavior in the sub-regional stock market. Behavior that we captured with three indicators: demand, supply and exchange of shares. To assess the effect of the pandemic on the evolution of these parameters, we created a thirteen months database, split into seven months before the pandemic and six since the onset of the pandemic. At the end of a series of paired samples "t" tests, it appears that neither the supply, nor the demand, nor the exchange of shares have undergone a significant change over the period before and during the pandemic. Several explanatory factors justify this finding. We cite among others, the feverishness of the sub-regional stock market, in particularly the “shares” compartment; the loss of jobs caused by the pandemic; the communicating vessels existing between the flow of securities of each of the companies listed on the market and the virtual non-existence of exchanges of securities. For further studies, a similar study will be carried out on the “bonds” compartment of the market.

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References

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Published

2020-12-31

How to Cite

Joseph Herman, T. W., Bertrand, F., Chimène Aimée, F. K., & Cyril Patrick, E. M. (2020). Investors’ behavior during the covid-19 pandemic: case of investors in the Central African Stock Market. Journal of Academic Finance, 11(2), 304–320. https://doi.org/10.59051/joaf.v11i2.416

Issue

Vol. 11 No. 2 (2020): Fall 2020

Section

Articles

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