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State-level COVID-19 outbreak and stock returns

We use state-level data to evaluate the connection between outbreaks of COVID-19 and stock returns over the period January-June 2020. We show that daily increases in the number of infected cases, hospitalized cases, and deaths are negatively associated with next day stock returns of firms headquarte...

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Detalles Bibliográficos
Autores principales: Pham, Anh Viet, Adrian, Christofer, Garg, Mukesh, Phang, Soon-Yeow, Truong, Cameron
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7973052/
https://www.ncbi.nlm.nih.gov/pubmed/33758580
http://dx.doi.org/10.1016/j.frl.2021.102002