Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam
Covid-19 pandemic is affecting the health of the public, and it is also impacting business and economy. The main objective of this paper is to investigate the impact of Covid-19 pandemic on listed firms’ performance and the abnormal stock returns in Vietnam. To study the impact of Covid-19 on firms’...
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Online Access: | http://dx.doi.org/10.1080/23311975.2021.1941587 |
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doaj-9d6d29ef45cb44e9b4eec801e425b75a2021-07-15T13:47:57ZengTaylor & Francis GroupCogent Business & Management2331-19752021-01-018110.1080/23311975.2021.19415871941587Covid 19 pandemic and Abnormal Stock Returns of listed companies in VietnamHung Dang Ngoc0Van Vu Thi Thuy1Chi Le Van2Hanoi University of IndustryNational Economics UniversityNational Economics UniversityCovid-19 pandemic is affecting the health of the public, and it is also impacting business and economy. The main objective of this paper is to investigate the impact of Covid-19 pandemic on listed firms’ performance and the abnormal stock returns in Vietnam. To study the impact of Covid-19 on firms’ performance, we collected data about announced earnings on Q1/2020 and Q4/2019 of 714 enterprises and made comparison. The results revealed the enormous impacts of Covid-19 pandemic on the business performance. However, the level of influence varies among sectors. To study the impact of Covid-19 on the abnormal stock returns, the study employed the event research method with 3 events related to Covid-19 pandemic in Vietnam. A sample of 364 companies listed on Ho Chi Minh Stock Exchange (HOSE) was utilized. The findings revealed that the Covid-19 event affects the abnormal returns of stocks and the level of influence varied from each stage of Covid-19 prevention measure in Vietnam. The degrees of influence of the Covid-19 event on each stock were also different. The paper concluded that Covid-19 pandemic information can be used to predict stocks’ prices.http://dx.doi.org/10.1080/23311975.2021.1941587covid-19 pandemicfirms’ performancestock returnearningsevent study |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Hung Dang Ngoc Van Vu Thi Thuy Chi Le Van |
spellingShingle |
Hung Dang Ngoc Van Vu Thi Thuy Chi Le Van Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam Cogent Business & Management covid-19 pandemic firms’ performance stock return earnings event study |
author_facet |
Hung Dang Ngoc Van Vu Thi Thuy Chi Le Van |
author_sort |
Hung Dang Ngoc |
title |
Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam |
title_short |
Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam |
title_full |
Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam |
title_fullStr |
Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam |
title_full_unstemmed |
Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam |
title_sort |
covid 19 pandemic and abnormal stock returns of listed companies in vietnam |
publisher |
Taylor & Francis Group |
series |
Cogent Business & Management |
issn |
2331-1975 |
publishDate |
2021-01-01 |
description |
Covid-19 pandemic is affecting the health of the public, and it is also impacting business and economy. The main objective of this paper is to investigate the impact of Covid-19 pandemic on listed firms’ performance and the abnormal stock returns in Vietnam. To study the impact of Covid-19 on firms’ performance, we collected data about announced earnings on Q1/2020 and Q4/2019 of 714 enterprises and made comparison. The results revealed the enormous impacts of Covid-19 pandemic on the business performance. However, the level of influence varies among sectors. To study the impact of Covid-19 on the abnormal stock returns, the study employed the event research method with 3 events related to Covid-19 pandemic in Vietnam. A sample of 364 companies listed on Ho Chi Minh Stock Exchange (HOSE) was utilized. The findings revealed that the Covid-19 event affects the abnormal returns of stocks and the level of influence varied from each stage of Covid-19 prevention measure in Vietnam. The degrees of influence of the Covid-19 event on each stock were also different. The paper concluded that Covid-19 pandemic information can be used to predict stocks’ prices. |
topic |
covid-19 pandemic firms’ performance stock return earnings event study |
url |
http://dx.doi.org/10.1080/23311975.2021.1941587 |
work_keys_str_mv |
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