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Contribution Details

Type Book Chapter
Scope Discipline-based scholarship
Title COVID-19 and the Stock Market
Organization Unit
Authors
  • Stefano Ramelli
  • Alexander Wagner
Editors
  • Monica Billio
  • Simone Varotto
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Booktitle A new world post COVID-19 : Lessons for business, the finance industry and policy makers
ISBN 978-88-6969-442-4
Place of Publication Venice
Publisher Ca’ Foscari University Press
Page Range 111 - 124
Date 2020
Abstract Text When disaster strikes, the weak suffer mightily, the strong only slightly. That is the lesson from stock market reactions to COVID-19. Strong firms had a robust financial position, advanced environmental and social performance, and were not severely exposed to social distancing and lockdowns. Firms with significant international exposure suffered more, at least at first. The ultimate effects of policy interventions, including those by central banks, have yet to be revealed. The market recovery in the second quarter of 2020 is like a patient recovering from COVID-19: hopeful but still uncertain. Managers and policymakers should project the future with great caution.
Free access at Official URL
Official URL https://edizionicafoscari.unive.it/media/pdf/books/978-88-6969-443-1/978-88-6969-443-1-ch-08_QIy5XEK.pdf
Other Identification Number merlin-id:19594
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