Effect of Corona Virus Outbreak on Different Industries in Iran stock Exchange

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Ghamkhar, Dorsa | 2022

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 55101 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Zamani, Shiva; Talebiyan, Masoud
Abstract:
This research is an event study about the effects of the Corona Virus Outbreak on different industries in the Iran Stock Exchange. This study examines which industries had been affected more negatively or positively by the COVID-19 pandemic outbreak. In the first step, we calculate Alphas, Betas, and expected returns of stocks in an estimation window before the event using the market model. Then, we group all stocks in 17 different industries and calculate average cumulative abnormal returns in the event period as good measures for examining defects of this outbreak. Our results show that transportation, chemical products, processed products, real estate, and automobile manufacturing were negatively affected by the event. On the other hand, industries like finance, investment funds, food, and information & communication were positively affected by this event. We guess that these results are due to the potential of each industry to perform well in remoteness
Keywords:
Event Study ; COVID-19 ; Abnormal Return ; Stock Market ; Capital Market ; Iran ; Remote Performance

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