Panic Selling When Disaster Strikes: Evidence in the Bond and Stock Markets

The authors thank Colin Mayer (editor), an anonymous associate editor, two anonymous referees, Stephen Brown, Paul Docherty, Roger Edelen, Bart Frijns, Neal Galpin, Michael Gofman, Zhiguo He, Jacquelyn Humphrey, Ryan Lewis, Frank Weikai Li, Juhani Linnainmaa, Christian Lundblad, Lilian Ng, Phong Ngo, Zacharias Sautner, David Solomon, Sheridan Titman, Chi-Yang Tsou, Xin Liu, Xintong Zhan, Qifei Zhu, and participants at the European Finance Association annual meeting 2020, the Society for Financial Studies (SFS) Cavalcade Asia-Pacific 2019 in Hong Kong, the Australia’s Global Finance Research Network (FIRN) Annual Meeting in Byron Bay, Australia, the University of Tasmania seminar, and the Monash University brownbag for valuable comments. All errors are the authors’.