Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)

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Evaluating the Impact of the Pandemic on the US Agriculture Industry based on Fama-French 5-factor Pricing Model

Authors
Da Wei1, *
1Shenzhen College of International Education, Shenzhen, Guangdong, 518000, China
*Corresponding author. Email: s20316.wei@stu.scie.com.cn
Corresponding Author
Da Wei
Available Online 21 June 2024.
DOI
10.2991/978-94-6463-441-9_5How to use a DOI?
Keywords
Covid-19; Fama-French; US Agriculture
Abstract

Covid-19 has unprecedentedly influenced industries in the global area, and this paper studies the significance of Covid-19 in impacting the agriculture industry in the USA. The paper collects data from Kenneth. French-Data library dividing the data into four stages, and the Fama-French 5-factor pricing model involves the process of data analysis. According to the result obtained from the multiple linear regression, the coefficient of market risk remained significant throughout the period observed, the coefficient of SMB turned out insignificant after the pandemic, the coefficient of HML only remained significant at the point of breakout and during the pandemic, the coefficient of RMW remained in insignificance all the time, and the coefficient of CMA turned out insignificance since the breakout of Covid-19. Therefore, Covid-19 did not significantly influence the agriculture industry in the USA.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
21 June 2024
ISBN
978-94-6463-441-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-441-9_5How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Da Wei
PY  - 2024
DA  - 2024/06/21
TI  - Evaluating the Impact of the Pandemic on the US Agriculture Industry based on Fama-French 5-factor Pricing Model
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 40
EP  - 49
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_5
DO  - 10.2991/978-94-6463-441-9_5
ID  - Wei2024
ER  -