Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Finance
Stock Returns By Sector And Industries In A Year Into The Covid-19 Pandemic, Simon Alvin A. Casas
Stock Returns By Sector And Industries In A Year Into The Covid-19 Pandemic, Simon Alvin A. Casas
Honors Undergraduate Theses
In the COVID-19 stock market industries reacted and were affected in different ways. This paper will use Standard Industrial Classification (SIC) codes to look at how sectors and selected industries fared after a whole year in a pandemic. This will be accomplished by comparing 2019 stock returns to 2020 stock returns with a t-test and estimating the effect of COVID-19 positive case and death increases using a pooled OLS regression. All SIC sectors A-J were analyzed as well as 18 selected industries such as food stores, real estate, oil and gas extraction, health services, and communications. Results show a significant …