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Capital Markets, COVID-19 and Policy Measures

ElFayoumi, Khalid; Hengge, Martina - 2021

The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...

Persistent link: https://www.econbiz.de/10013234704

Hang in There : Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures

Chan-Lau, Jorge A.; Zhao, Yunhui - 2021

The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdrawal events, we use event study analysis and cross-country regressions to assess...

Persistent link: https://www.econbiz.de/10013250077

The Effects of COVID-19 Pandemic on Stock Market Performance in Africa

Raifu, Isiaka Akande - 2021

This study is conducted to investigate the response of stock market returns to daily growth in COVID-19 confirmed cases and deaths in 14 African countries using both time series and panel approaches. The study employs three estimation methods, Ordinary Least Squares/Robust Ordinary Least Squares...

Persistent link: https://www.econbiz.de/10013314111

Do smoking bans always hurt the gaming industry? : differentiated impacts on the market value of casino firms in Macao

Zhang, Jing Hua; Tam, Kwo Ping; Zhou, Nan - 2016

secondhand smoking, smoking bans in casinos remain controversial due to concerns over the potential economic harm to casino firms …. Applying an event study, the authors examine the abnormal returns of casino stocks in response to three unexpected smoking ban … significantly correlated with positive abnormal returns. The findings of this study provide a full picture of the impacts of smoking …

Persistent link: https://www.econbiz.de/10011557509

The share price effect of CVS health's announcement to stop selling tobacco : a comparative case study using synthetic controls

Andersen, Martin; Bauhoff, Sebastian - In: Forum for health economics & policy : an evolving … 20 (2017) 1, pp. 1-28

Persistent link: https://www.econbiz.de/10011701675

Do smoking bans always hurt the gaming industry? : differentiated impacts on the market value of casino firms in Macao (China)

Zhang, Jing Hua; Tam, Kwo Ping; Zhou, Nan - 2016

Second Hand Smoking (SHS), smoking bans in casinos remain controversial due to concerns over potential economic losses for … unexpected announcements of smoking bans in casinos from 2011 to 2015 in Macao. The analysis reveals that the announcements were … correlated with positive abnormal returns. This study provides a full picture of the impacts of smoking bans on casinos and will …

Persistent link: https://www.econbiz.de/10011473725