Open Access

Volatility During the COVID-19 Pandemic

Tony Berrada
Tony Berrada
[email protected]
https://orcid.org/0000-0002-5249-6410
Geneva Finance Research Institute and Swiss Finance Institute, University of Geneva, CH-1211 Geneva 4, Switzerland
Search for more papers by this author
,
Jerome Detemple
Jerome Detemple
[email protected]
https://orcid.org/0000-0003-1173-6374
Questrom School of Business, Boston University, Boston, Massachusetts 02215
Search for more papers by this author
,
Marcel Rindisbacher
Corresponding Author
Marcel Rindisbacher
[email protected]
https://orcid.org/0000-0002-0807-7868
Questrom School of Business, Boston University, Boston, Massachusetts 02215
Search for more papers by this author

Tony Berrada

[email protected]

https://orcid.org/0000-0002-5249-6410

Geneva Finance Research Institute and Swiss Finance Institute, University of Geneva, CH-1211 Geneva 4, Switzerland

Search for more papers by this author

,

Jerome Detemple

Jerome Detemple

[email protected]

https://orcid.org/0000-0003-1173-6374

Questrom School of Business, Boston University, Boston, Massachusetts 02215

Search for more papers by this author

,

Marcel Rindisbacher

Corresponding Author

Marcel Rindisbacher

[email protected]

https://orcid.org/0000-0002-0807-7868

Questrom School of Business, Boston University, Boston, Massachusetts 02215

Search for more papers by this author

Published Online:23 Jun 2025https://doi.org/10.1287/mnsc.2024.04352

cover image Management Science

Volume 72, Issue 2

February 2026

Pages 783-1726, iv-vi

Article Information

Supplemental Material

Metrics

Information

Received:January 04, 2024
Accepted:January 25, 2025
Published Online:June 23, 2025

Copyright © 2025 The Author(s)

Cite as

Tony Berrada, Jerome Detemple, Marcel Rindisbacher (2025) Volatility During the COVID-19 Pandemic. Management Science 72(2):1529-1559.

https://doi.org/10.1287/mnsc.2024.04352

Keywords

Acknowledgments

The authors thank Daniel Andrei, Syed Hassan, Matthias Lassak, and seminar participants for comments. This paper was presented at Soochow University (Suzhou), University of Toronto, the 2022 Financial Engineering and Banking Society conference, the 2022 European Financial Management Association conference, the 2022 World Finance Conference, the 2022 EUROFIDAI-Ecole Superieure des Sciences Economiques et Commerciales conference and the 2023 Multinational Finance Society conference. It won Best Paper awards at the 2022 World Finance Conference and the 2023 Multinational Finance Society conference.