International Evidence of COVID-19 and Stock Market Returns: An Event Study Analysis

Authors

  • Ahmad Bash

Abstract

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

JEL Classification: G14

DOI: https://doi.org/10.32479/ijefi.9941

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Published

2020-07-11

How to Cite

Bash, A. (2020). International Evidence of COVID-19 and Stock Market Returns: An Event Study Analysis. International Journal of Economics and Financial Issues, 10(4), 34–38. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/9941

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