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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Autores principales:	Hung Dang Ngoc, Van Vu Thi Thuy, Chi Le Van
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	covid-19 pandemic firms’ performance stock return earnings event study Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/9d6d29ef45cb44e9b4eec801e425b75a
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spelling	oai:doaj.org-article:9d6d29ef45cb44e9b4eec801e425b75a2021-12-02T16:09:31ZCovid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam2331-197510.1080/23311975.2021.1941587https://doaj.org/article/9d6d29ef45cb44e9b4eec801e425b75a2021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1941587https://doaj.org/toc/2331-1975Covid-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.Hung Dang NgocVan Vu Thi ThuyChi Le VanTaylor & Francis Grouparticlecovid-19 pandemicfirms’ performancestock returnearningsevent studyBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	covid-19 pandemic firms’ performance stock return earnings event study Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	covid-19 pandemic firms’ performance stock return earnings event study Business HF5001-6182 Management. Industrial management HD28-70 Hung Dang Ngoc Van Vu Thi Thuy Chi Le Van Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam
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.
format	article
author	Hung Dang Ngoc Van Vu Thi Thuy Chi Le Van
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
publishDate	2021
url	https://doaj.org/article/9d6d29ef45cb44e9b4eec801e425b75a
work_keys_str_mv	AT hungdangngoc covid19pandemicandabnormalstockreturnsoflistedcompaniesinvietnam AT vanvuthithuy covid19pandemicandabnormalstockreturnsoflistedcompaniesinvietnam AT chilevan covid19pandemicandabnormalstockreturnsoflistedcompaniesinvietnam
_version_	1718384427193597952

Covid 19 pandemic and Abnormal Stock Returns of listed companies in Vietnam

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