文章基本信息

标题：Government Agency Product Endorsements and Stock Valuations: A COVID-19 Event Study
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作者：Mark Schaub
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2021
卷号：13
期号：5
页码：1
DOI：10.5539/ijef.v13n5p1
出版社：Canadian Center of Science and Education
摘要：During the COVID-19 pandemic, a US government agency (the Environmental Protection Agency) made two announcements recommending the products of 2 different firms in the Household & Personal Products industry. The announcements were official and posted to the EPA’s website on the dates of March 3, 2020 and July 6, 2020. Evidence shows these announcements added value to the firms that were promoted. Also, on a risk-adjusted and head-to-head basis, these announcing firms significantly outperformed the other large firms in the industry around the date of the announcements.
关键词：COVID-19; asset selection; early wealth effects; event studies