COVID–19’s Impact on Stock Prices Across Different Sectors—An Event Study Based on the Chinese Stock Market

  • Pinglin He
  • , Yulong Sun
  • , Ying Zhang*
  • , Tao Li
  • *Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

In this article, we use an event study approach to empirically study the market performance and response trends of Chinese industries to the COVID-19 pandemic. The study found that transportation, mining, electricity & heating, and environment industries have been adversely impacted by the pandemic. However, manufacturing, information technology, education and health-care industries have been resilient to the pandemic.

Original languageEnglish
Pages (from-to)2198-2212
Number of pages15
JournalEmerging Markets Finance and Trade
Volume56
Issue number10
DOIs
StatePublished - 8 Aug 2020
Externally publishedYes

Keywords

  • COVID-19
  • event study
  • industry heterogeneity
  • stock price

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