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A0342
Title: COVID-19 impact on stock prices: The sector analysis Authors:  Patrycja Chodnicka - Jaworska - University of Warsaw (Poland) [presenting]
Piotr Jaworski - University of Warsaw Faculty of Management (Poland)
Abstract: The aim is to examine the impact of information on lockdown connected with COVID-19 on stock prices according to the sector and country divisions. The hypotheses are: it is observed a strong negative impact of the lockdown announcement on stock prices at the time of its announcement. The reaction of the stock prices on the lockdown announcement is varied in particular countries and sectors. Panel event models were used to verify the hypothesis. The study used data from the Thomson Reuters database for the period from 02.01.2019 - 10.05.2020. The analysis was based on the papers and reports on COVID-19 and the literature on behavioural finance.