INTERNATIONAL EVIDENCE OF COVID-19 AND STOCK MARKET RETURNS: AN EVENT STUDY ANALYSIS

  • Bash A
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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.

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

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