Industry Impact of Covid Epidemic based on Event Analysis
DOI:
https://doi.org/10.54691/bcpbm.v13i.120Keywords:
Event Study; Covid Epidemic; Industry Impact.Abstract
On the day of the outbreak, the Covid epidemic brought huge systemic risks in China stock market, which even offset the positive effects brought about by the epidemic. For example, industries such as medicine did not show the expected general rise on the day of the epidemic. After the outbreak, with the rapid intervention of the government, investor confidence regained and they had high hopes for the market outlook. The market rebounded quickly and returned to the pre-epidemic level in less than 10 days. However, the performance of various industries in this process is different. This paper examines the impact of Covid epidemic on various industries in China based on the event analysis method.
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