Evaluating the Impact of the Pandemic on the US Agriculture Industry based on Fama-French 5-factor Pricing Model

Da Wei ()
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Da Wei: Shenzhen College of International Education

A chapter in Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), 2024, pp 40-49 from Springer

Abstract: Abstract Covid-19 has unprecedentedly influenced industries in the global area, and this paper studies the significance of Covid-19 in impacting the agriculture industry in the USA. The paper collects data from Kenneth. French-Data library dividing the data into four stages, and the Fama-French 5-factor pricing model involves the process of data analysis. According to the result obtained from the multiple linear regression, the coefficient of market risk remained significant throughout the period observed, the coefficient of SMB turned out insignificant after the pandemic, the coefficient of HML only remained significant at the point of breakout and during the pandemic, the coefficient of RMW remained in insignificance all the time, and the coefficient of CMA turned out insignificance since the breakout of Covid-19. Therefore, Covid-19 did not significantly influence the agriculture industry in the USA.

Keywords: Covid-19; Fama-French; US Agriculture (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-441-9_5

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DOI: 10.2991/978-94-6463-441-9_5

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