U.S INDUSTRIES REACTION TO THE SPREAD OF COVID-19: A CASE STUDY
Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Producer
Director
Performer
Choreographer
Costume Designer
Music
Videographer
Lighting Designer
Set Designer
Crew Member
Funder
Rehearsal Director
Concert Coordinator
Advisor
Moderator
Panelist
Alternative Title
Department
Haverford College. Department of Economics
Bryn Mawr College. Department of Economics
Bryn Mawr College. Department of Economics
Type
Thesis
Original Format
Running Time
File Format
Place of Publication
Date Span
Copyright Date
Award
Language
eng
Note
Table of Contents
Terms of Use
Rights Holder
Access Restrictions
Tri-College users only
Terms of Use
Tripod URL
Identifier
Abstract
With the onset on the COVID-19 crisis in 2020, governments, health departments and businesses around the world scrambled to save their people and economies. Understanding the short- and long-term impact of COVID-19 on the economy is important for taking the appropriate measures to restore the country to normalcy. Several papers were written at the height to of the pandemic to predict the medium term impact of the pandemic on the economy and analyze the effectiveness of some of the measures taken by the governments and fiduciary institutions. This paper aims to add to this literature by using the event study methodology to study the impact of the virus on the stock market. This study examines the abnormal returns experienced by different industries in the S&P 1500 categorized by firms of different sizes (market capitalization). Results show that there were both negative and positive abnormal returns by firms of different market capitalization depending on the industry; particularly, the information sector was positively impacted while the manufacturing sector was negatively impacted but quickly recovered as more concrete plans from the government emerged.
Description
Lyncy Nyandoche was a Bryn Mawr College student.