Abstract
This study examines the effect of the COVID-19 outbreak on the energy stock market. Based on a sample of Chinese energy stocks, we find that COVID-19 has a negative effect on energy stock prices. In particular, the negative pandemic sentiment from newspaper articles leads to a decline in energy stock prices. We further find that the energy stock market has a linkage to the overall Chinese stock market. Finally, though COVID-19 has had a negative effect on the overall Chinese stock market, the effect is not significant.
Full Text
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call