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The 2019 COVID-19 pandemic led to an economic slowdown worldwide and shook the investment world. Pharmaceutical investments were influenced by the anticipation of COVID-19 vaccine developments. Our study examines the real-time impact of public announcements concerning COVID-19 vaccine...
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This paper examines the impact of vaccination programs on the stock market volatility of the travel and leisure sector …. Using daily data from 56 countries over the period from January 2020 to March 2021, we find that vaccination leads to a … decrease in the investment risk of travel and leisure companies. Vaccination results in a decrease in the volatility of stock …
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This paper explores how the first-year COVID-19 vaccination changed the volatility in the U.S. equity markets by … method, this paper documents that had there been no vaccination, the volatility in the U.S. stock markets in 2021 would be 0 …
Persistent link: https://www.econbiz.de/10013492277
We study the impact of the 1918 Spanish Flu on U.S. stock prices. We use the death rate to control for the impact of the global pandemic and war news reported in the New York Times to capture the positive effects of the end of World War I on stock prices. Using a new weekly hand collected NYSE...
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This study proposes two new regime-switching volatility models to empirically analyze the impact of the COVID-19 pandemic on hotel stock prices in Japan compared with the US, taking into account the role of stock markets. The first model is a direct impact model of COVID-19 on hotel stock...
Persistent link: https://www.econbiz.de/10014289130