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

By Pinglin He, Yulong Sun, Ying Zhang, Tao Li. 2020

497 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/47658e02a2b5a61b12f732f66e47f5f5e891779c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Sikiru Abidemi Abdulsalam
2. K. Prabheesh
3. Afees A. Salisu
4. Bhavesh Garg
5. Rakesh Padhan

Citations in the corpus

• To what extent does COVID-19 drive stock market volatility? A comparison between the U.S. and China (2021, unknown): “However, although He et al. (2020), Huo and Qiu (2020), and Xiong et al. (2020) all provided evidence that China has implemented a very strict household segregation policy, which negatively impacted the Chinese stock market, the impact was far less severe than that on the U.S. stock market.”
• COVID-19 and the Oil Price – Stock Market Nexus: Evidence From Net Oil-Importing Countries (2020, result): “…contribution to this literature is that we add to Other recent studies related to COVID-19 and its impact on various economic factors include Chen et al. (2020), He et al. (2020), Iyke (2020b), D. Liu et al. (2020), Phan & Narayan (2020), Salisu & Akanni (2020), and Yue et al. (2020), among others.”
• The Impact of Corporate Governance on Firm Performance During The COVID-19 Pandemic: Evidence from Malaysia (2021, unknown): “However, following several researchers (Khan et al., 2020; Hazaea et al., 2020; He et al., 2020), we used a conventional t-test to evaluate the impact of COVID-19 on the governance attributes before (2019) and after the pandemic (2020).”
• Pandemics and the Asia-Pacific Islamic Stocks (2020, background): “The study’s motivation has roots in the extant literature, which suggests a strong connection between the COVID-19 pandemic and conventional stocks (see, for example, Al-Awadhi et al., 2020; He et al., 2020; Phan & Narayan, 2020; Salisu & Akanni, 2020).”