International Evidence of COVID-19 and Stock Market Returns: An Event Study Analysis
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Ahmad Bash: Public Authority for Applied Education and Training. College of Business Studies. Kuwait.
International Journal of Economics and Financial Issues, 2020, vol. 10, issue 4, 34-38
We study the effect of the first registered case of COVID-19 on stock market returns using event study analysis. Mean-adjusted returns and market model methods are used to estimate cumulative abnormal returns for 30 countries. The results show that stock market returns experience a downwards trend as well as significant negative returns following the COVID-19 outbreak.
Keywords: COVID-19, event study, index returns; pandemics (search for similar items in EconPapers)
JEL-codes: G14 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2020-04-5
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