How does China's stock market react to supply chain disruptions from COVID-19?

As a once-in-a-century global pandemic, COVID-19 severely hit the global economy and disrupted the worldwide supply chain. Based on 505 Chinese firms, we use the event study method to explore the effect of COVID-19 on the financial performance of firms. The findings show that COVID-19 has an immedia...

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Detalles Bibliográficos
Autores principales: Wang, Zhixuan, Dong, Yanli, Liu, Ailan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9040410/
https://www.ncbi.nlm.nih.gov/pubmed/36532085
http://dx.doi.org/10.1016/j.irfa.2022.102168
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author Wang, Zhixuan
Dong, Yanli
Liu, Ailan
author_facet Wang, Zhixuan
Dong, Yanli
Liu, Ailan
author_sort Wang, Zhixuan
collection PubMed
description As a once-in-a-century global pandemic, COVID-19 severely hit the global economy and disrupted the worldwide supply chain. Based on 505 Chinese firms, we use the event study method to explore the effect of COVID-19 on the financial performance of firms. The findings show that COVID-19 has an immediate impact on Chinese firms. Hubei firms experience stronger effects than non-Hubei firms. Supply chain disruptions effects from COVID-19 are observed. Transportation industry is hit more severely than retail industry. Insurance companies experience a strong adverse effect. On the other hand, both medical and competitor firms experience significantly positive spillover effects.
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spelling pubmed-90404102022-04-26 How does China's stock market react to supply chain disruptions from COVID-19? Wang, Zhixuan Dong, Yanli Liu, Ailan Int Rev Financ Anal Article As a once-in-a-century global pandemic, COVID-19 severely hit the global economy and disrupted the worldwide supply chain. Based on 505 Chinese firms, we use the event study method to explore the effect of COVID-19 on the financial performance of firms. The findings show that COVID-19 has an immediate impact on Chinese firms. Hubei firms experience stronger effects than non-Hubei firms. Supply chain disruptions effects from COVID-19 are observed. Transportation industry is hit more severely than retail industry. Insurance companies experience a strong adverse effect. On the other hand, both medical and competitor firms experience significantly positive spillover effects. Elsevier Inc. 2022-07 2022-04-26 /pmc/articles/PMC9040410/ /pubmed/36532085 http://dx.doi.org/10.1016/j.irfa.2022.102168 Text en © 2022 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Wang, Zhixuan
Dong, Yanli
Liu, Ailan
How does China's stock market react to supply chain disruptions from COVID-19?
title How does China's stock market react to supply chain disruptions from COVID-19?
title_full How does China's stock market react to supply chain disruptions from COVID-19?
title_fullStr How does China's stock market react to supply chain disruptions from COVID-19?
title_full_unstemmed How does China's stock market react to supply chain disruptions from COVID-19?
title_short How does China's stock market react to supply chain disruptions from COVID-19?
title_sort how does china's stock market react to supply chain disruptions from covid-19?
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9040410/
https://www.ncbi.nlm.nih.gov/pubmed/36532085
http://dx.doi.org/10.1016/j.irfa.2022.102168
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