Impacts of the novel coronavirus variants on the Philippine stock market
Date
2022-05
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The COVID 19 pandemic has brought broad socioeconomic effects that stretch far
beyond the health sector. With those effects come opportunities to examine the
implications of major health crises on stock markets. This paper investigates the
effects of the Variants of Concern (VOC) designation of the SARS-CoV-2 virus on
the Philippine Stock Market by employing the Event Study Methodology. The results
show significant reactions from the firms in the Philippine Stock Exchange index
(PSEi), generally positive abnormal returns on stock prices, and the presence of
sectoral effects.