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A coronavirus outbreak and sector stock returns: a tale from the first ten weeks of 2020
Resource type
Author/contributor
- Nguyen, Khoa Huu (Author)
Title
A coronavirus outbreak and sector stock returns: a tale from the first ten weeks of 2020
Abstract
This paper examines early impacts of the COVID-19 outbreak on stock returns of 11 sectors using the firm-level stock price data from 10 countries. Results show that investors across sectors and countries respond differently during the outbreak. Communication Services, Consumer Staples, Health Care, Information Technology, and Utilities sectors consistently perform relatively well, compared to other sectors, in all countries except Italy, Japan and U.S. Conversely, Energy sector suffers greatest abnormal negative returns, among all sectors, in countries including Canada, Italy, U.K. and U.S. Furthermore, Japan and U.S. have highest numbers of abnormally and negatively affected sectors. © 2021 Informa UK Limited, trading as Taylor & Francis Group.
Publication
Applied Economics Letters
Date
2021-08-06, August 2021
Pages
1–11
Citation Key
ISSN
13504851
Language
english
Extra
4 citations (Crossref) [2023-10-31]
https://search.bvsalud.org/global-literature-on-novel-coronavirus-2019-ncov/resource/en/covidwho-1347348
Citation
Nguyen, K. H. (2021). A coronavirus outbreak and sector stock returns: a tale from the first ten weeks of 2020. Applied Economics Letters, 1–11. https://doi.org/10.1080/13504851.2021.1961116
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