arbiter
JournalsPricingAccount

Stock Market Integration, Risk and Spillovers Across BRICS Nations: An Assessment During COVID-19

Nupur Moni Das et al.

Management and Labour Studies2025https://doi.org/10.1177/0258042x251320797article
AJG 1ABDC C
Weight
0.41

What the paper says

The present study aims to examine the downside risk, volatility persistence, market connectedness and hedging strategies in Brazil, Russia, India, China and South Africa (BRICS) markets during the COVID-19 period, comparing these factors with the Asian Financial Crisis and Global Financial Crisis. Using value-at-risk, dynamic conditional correlation generalized autoregressive conditional heteroskedasticity and the Diebold–Yilmaz Spillover Index, the study addresses key research objectives. It is observed that volatility created persists longer, and market connectivity increases during crises. Notably, Russia and Brazil are observed to be the net spreaders of volatility, while India, China and South Africa demonstrate opposite trends. Moreover, very limited diversification benefits exist in the bloc.

2 citations

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1177/0258042x251320797

Or copy a formatted citation

@article{nupur2025,
  title        = {{Stock Market Integration, Risk and Spillovers Across BRICS Nations: An Assessment During COVID-19}},
  author       = {Nupur Moni Das et al.},
  journal      = {Management and Labour Studies},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/0258042x251320797},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Stock Market Integration, Risk and Spillovers Across BRICS Nations: An Assessment During COVID-19

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.41

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.