01421nam a22001217a 4500008004100000100006700041245010200108260003600210300003200246520089600278650008901174773003601263251022b           ||||| |||| 00| 0 eng d  aDas, Nupur Moni  Rout, Bhabani Sankar and  Bal, Gnyana Ranjan   aStock market integration, risk and spillovers across BRICS Nations: An assessment during Covid-19  aManagement and Labour Studies    a50(3), Aug, 2025: p.337-356  aThe 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.- Reproduced 

https://journals.sagepub.com/doi/full/10.1177/0258042X251320797
  aCovid-19, Stock market, Market, risk, Value at risk, Volatility spillover, Hedging.   aManagement and Labour Studies