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Cited by 292

The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.

Market reactions to the arrival and containment of COVID-19: An event study

Open access
Heyden, Kim J., Heyden, Thomas·2021·Finance Research Letters
DOI 10.1016/j.frl.2020.101745
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Abstract

We study the short-term market reactions of US and European stocks during the beginning of the COVID-19 pandemic. Employing an event study, we document that stocks react significantly negatively to the announcement of the first death in a given country. While our results suggest that the announcements of country-specific fiscal policy measures negatively affect stock returns, monetary policy measures have the potential to calm markets. These reactions are either intensified or lessened by firm-specific characteristics such as tangible assets, liquidity, and institutional holdings.

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Metadata

Authors
Heyden, K. J., & Heyden, T.
Venue
Finance Research Letters
Publisher
Elsevier BV
Published
2021-01
Volume
38
Pages
101745
ISSN
1544-6123 (ISSN-L)
DOI
10.1016/j.frl.2020.101745
OpenAlex
W3028295800
Cited by
292
References
30
FWCI
46.19
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Market reactions to the arrival and containment of COVID-19: An event study. https://app.cochat.ai/papers/10.1016/j.frl.2020.101745
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Heyden, K. J., & Heyden, T. (2021). Market reactions to the arrival and containment of COVID-19: An event study. Finance Research Letters. https://doi.org/10.1016/j.frl.2020.101745

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.