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U.S INDUSTRIES REACTION TO THE SPREAD OF COVID-19: A CASE STUDY

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dc.contributor.advisor Arredondo-Chavez, Alberto
dc.contributor.author Nyandoche, Lyncy
dc.date.accessioned 2021-07-12T12:44:10Z
dc.date.available 2021-07-12T12:44:10Z
dc.date.issued 2021
dc.identifier.uri http://hdl.handle.net/10066/23565
dc.description Lyncy Nyandoche was a Bryn Mawr College student.
dc.description.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.
dc.description.sponsorship Haverford College. Department of Economics
dc.description.sponsorship Bryn Mawr College. Department of Economics
dc.language.iso eng
dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/
dc.subject.lcsh COVID-19 Pandemic, 2020- -- Economic aspects
dc.subject.lcsh Stock exchanges -- United States
dc.subject.lcsh Industries -- United States
dc.title U.S INDUSTRIES REACTION TO THE SPREAD OF COVID-19: A CASE STUDY
dc.type Thesis
dc.rights.access Tri-College users only


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