The Impact of Covid-19 Vaccine Announcements on US Firms’ Equity Returns

  • 謝 孟翔

Student thesis: Doctoral Thesis

Abstract

Using the financial event study methodology this research analyzed how various US economic sectors and industry groups responded to a major Covid-19 vaccine announcement The results indicate that equities in the Energy Industrials Consumer Cyclicals Financials Real Estate Technology and Academic and Educational Services US economic sectors experienced various magnitudes of positive abnormal returns during the event period This research thus provided empirical evidence of how Covid-19 vaccine announcements have influenced US equity returns
Date of Award2021
Original languageEnglish
SupervisorMiin-Jye Wen (Supervisor)

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