ArticleInternational review of financial analysis2021
Stock market reaction to COVID-19: Evidence from U.S. Firms' International exposure.
Article in International review of financial analysis, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 15 papers.
What it found
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
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Who cites it
15 citing papers in PubMed.
- Article
- Article
- The impact of COVID-19 induced panic on stock market returns: A two-year experience.Economic analysis and policy · 2022Article
- Airline stock markets reaction to the COVID-19 outbreak and vaccines: An event study.Journal of air transport management · 2022Article
- Do investors react differently? Evidence from hospitality sector during the covid-19 pandemic.Finance research letters · 2022Article
- Analysis of risk correlations among stock markets during the COVID-19 pandemic.International review of financial analysis · 2022Article
- Article
- How does China's stock market react to supply chain disruptions from COVID-19?International review of financial analysis · 2022Article
- Constructing a positive sentiment index for COVID-19: Evidence from G20 stock markets.International review of financial analysis · 2022Article
- Dynamic co-movements of COVID-19 pandemic anxieties and stock market returns.Finance research letters · 2022Article
- Covid-19: Corporate diversification and post-crash returns.Finance research letters · 2022Article
- Stock markets' reaction to COVID-19: Analyses of countries with high incidence of cases/deaths in Africa.Scientific African · 2022Article
- The source of financial contagion and spillovers: An evaluation of the covid-19 pandemic and the global financial crisis.PloS one · 2022Article
- COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan.International review of financial analysis · 2021Article
- Dynamic spillovers between energy and stock markets and their implications in the context of COVID-19.International review of financial analysis · 2021Article
Corrections and comments
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Authors and funding
2 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
We examine the U.S. stock market reaction to the World Health Organization's announcement declaring COVID-19 a global health emergency, with a focus on firms' international exposure. We find that while international exposure through foreign sales, foreign assets, imports and exports are significant and negatively associated with standardized cumulative abnormal returns in the short-run, the effect reverses in the long-run. In the long-run, internationalization contributes to multinational firms being more resilient to economic shocks caused by COVID-19.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.