M. Sc. Nils Engelhardt

@article{ENGELHARDT2020101873,
title = {Trust and stock market volatility during the COVID-19 crisis},
author = {Nils Engelhardt and Miguel Krause and Daniel Neukirchen and Peter N Posch },
doi = {10.1016/j.frl.2020.101873},
issn = {1544-6123},
year = {2020},
date = {2020-12-01},
journal = {Finance Research Letters},
volume = {In Press},
abstract = {We investigate if trust affects global stock market volatility during the COVID-19 pandemic. Using a sample of 47 national stock markets, we find the stock markets’ volatility to be significantly lower in high-trust countries (in reaction to COVID-19 case announcements). Both trust in fellow citizens as well as in the countries’ governments are of significant importance.},
keywords = {},
pubstate = {published},
tppubtype = {article}
}

@article{Engelhardt2020,
title = {What Drives Stocks during the Corona-Crash? News Attention vs. Rational Expectation},
author = {Nils Engelhardt and Daniel Neukirchen and Miguel Krause and Peter N Posch},
url = {https://www.mdpi.com/2071-1050/12/12/5014},
year = {2020},
date = {2020-06-19},
journal = {Sustainability },
volume = {12},
number = {12},
abstract = {We explore if the corona-crash 2020 was driven by news attention or rational expectations about the pandemic’s economic impact. Using a sample of 64 national stock markets covering 94% of the world’s GDP, we find the stock markets’ decline to be mainly associated with higher news attention and less with rational expectation. We estimate the economic cost from the news hype to amount to USD 3.5 trillion for the US and USD 200 billion on average for the rest of the G8 countries.},
keywords = {},
pubstate = {published},
tppubtype = {article}
}