Tác động của đại dịch COVID-19 đến cổ phiếu niêm yết trên sở giao dịch chứng khoán Hồ Chí Minh

0 Người đánh giá. Xếp hạng trung bình 0

Tác giả: Thị Cẩm Hà Huỳnh

Ngôn ngữ: Vie

Ký hiệu phân loại: 650 Management and auxiliary services

Thông tin xuất bản: Tạp chí Kinh tế và Phát triển, 2022

Mô tả vật lý: 41-50

Bộ sưu tập: Metadata

ID: 417644

Thêm vào giỏ Liên kết toàn văn

Bài viết nghiên cứu tác động đại dịch COVID-I9 đến tỷ suất sinh lợi cổ phiếu trên Sở giao dịch chứng khoán Hồ Chí Minh từ ngày 31/12/2019 đến ngày 31/3/2021 bằng phương pháp GLS. Kết quả tìm thấy tỷ lệ tăng hàng ngày số ca nhiễm COVID-19 tại Việt Nam có tác động ngược chiều đến tỷ suất sinh lợi cổ phiếu. Ngược lại, tỷ suất sinh lợi cổ phiếu có phản ứng cùng chiều trước tỷ lệ tăng số ca tử vong do COVID-19. Khi mở rộng phân tích ở các đợt dịch bùng phát, kết quả cho thấy tỷ suất sinh lợi cổ phiếu đều sụt giảm trước tỷ lệ gia tăng ca nhiêm ở đợt bùng phát lần đầu và lần thứ ba. Nhưng ở đợt dịch thứ hai, tỷ suất sinh lời cổ phiếu phản ứng tích cực trước thông tin số liệu COVID-19 công bố. Ngoài ra, các công ty nhóm ngành vật liệu cơ bản có tỷ suất sinh lợi tốt hơn các nhóm ngành còn lại, nhưng cổ phiếu của nhóm ngành dịch vụ tiêu dùng có hiệu quả hoạt động thấp hơn các nhóm ngành còn lại trên thị trường., Tóm tắt tiếng anh, TThis study investigates the impact ofCOVID-19pandemic on stock returns on the Ho Chi Minh stock exchange by GLS estimation
over the period from December 31st, 2019 to March 31st, 2021. The Findings suggest a negative and statistically significant impact of the daily growth in total confirmed cases by COVID-19 on stock returns. On the contrary, this paper shows that a positive statistically significant impact of the daily growth in total cases of death caused by COVID-19. When dividing full sample into sub-samples, the results show that the stock returns are significantly negatively related to the daily growth in total confirmed cases in the first and third outbreaks. But there is a positive and statistically significant impact of COVID-19 on stock returns in the second outbreak. In addition, through an analysis of industry groupings, the study finds that the stock returns of basic materials industry performed significantly better than the market during the COVID-19 outbreak. But the stock returns of consumer services have performed significantly worse than the market.

1. Đọc trực tuyến

1. Đọc trực tuyến

Tạo bộ sưu tập với mã QR