The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Feverish Stock Price Reactions to COVID-19*
Open accessAbstract
Market reactions to the 2019 novel coronavirus disease (COVID-19) provide new insights into how real shocks and financial policies drive firm value. Initially, internationally oriented firms, especially those more exposed to trade with China, underperformed. As the virus spread to Europe and the United States, corporate debt and cash holdings emerged as important value drivers, relevant even after the Fed intervened in the bond market. The content and tone of conference calls mirror this development over time. Overall, the results illustrate how anticipated real effects from the health crisis, a rare disaster, were amplified through financial channels. (JEL G01, G12, G14, G32, F14) Received: May 27, 2020; editorial decision June 16, 2020 by Editor Andrew Ellul. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
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Cites
Clinical features of patients infected with 2019 novel coronavirus in Wuhan, China
Huang, C., Wang, Y., Li, X., Ren, L., Zhao, J., Hu, Y., Zhang, L., Fan, G., Xu, J., Gu, X., et al. (2020) · The Lancet · doi:10.1016/s0140-6736(20)30183-5 · Cited by 48,884
Common risk factors in the returns on stocks and bonds
Fama, E. F., & French, K. R. (1993) · Journal of Financial Economics · doi:10.1016/0304-405x(93)90023-5 · Cited by 25,754
On Persistence in Mutual Fund Performance
Carhart, M. M. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb03808.x · Cited by 17,283
A five-factor asset pricing model
Fama, E. F., & French, K. R. (2015) · Journal of Financial Economics · doi:10.1016/j.jfineco.2014.10.010 · Cited by 7,852
Agency Costs, Net Worth, And Business Fluctuations
Bernanke, B., Gertler, M., Bernanke, B., & Gertler, M. (1988) · Unknown · doi:10.22004/ag.econ.292693 · Cited by 4,386
Cited by
Corporate immunity to the COVID-19 pandemic
Ding, W., Levine, R., Lin, C., & Xie, W. (2021) · Journal of Financial Economics · doi:10.1016/j.jfineco.2021.03.005 · Cited by 1,484
Does CSR matter in times of crisis? Evidence from the COVID-19 pandemic
Bae, K.-H., El Ghoul, S., Gong, Z. (., & Guedhami, O. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2020.101876 · Cited by 581
Mutual fund performance and flows during the COVID-19 crisis
Pástor, Ľ., & Vorsatz, M. B. (2020) · The Review of Asset Pricing Studies · doi:10.1093/rapstu/raaa015 · Cited by 319
Do Investors Care about Impact?
Heeb, F., Kölbel, J. F., Paetzold, F., & Zeisberger, S. (2023) · The Review of Financial Studies · doi:10.1093/rfs/hhac066 · Cited by 332
Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis
Garel, A., & Petit-Romec, A. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.101948 · Cited by 330
Metadata
- Authors
- Ramelli, S., & Wagner, A. F.
- Venue
- The Review of Corporate Finance Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2020-07-07
- Volume
- 9
- Issue
- 3
- Pages
- 622-655
- ISSN
- 2046-9128 (ISSN-L)
- 2046-9136
- OpenAlex
- W3122263577
- Cited by
- 1,199
- References
- 5
- FWCI
- 189.16
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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