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

Autor:	Zhixuan Wang, Yanli Dong, Ailan Liu
Rok vydání:	2021
Předmět:	Economics and Econometrics Finance
Zdroj:	International review of financial analysis. 82
ISSN:	1873-8079
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c46ea3de3d6c004f7d337da4587f9177 https://pubmed.ncbi.nlm.nih.gov/36532085 Zobrazit plný text záznamu Full Text from ScienceDirect