Impact of COVID-19 and Vaccine on Agric, Soda, Smoke Industry Based on Fama-French Five-Factor Model

DOI

10.2991/978-94-6463-098-5_134How to use a DOI?

Keywords

COVID-19; Vaccine; Fama-French five-factor model; Agricultural industry; Soda industry; Smoke industry

Abstract

COVID-19 has tremendous impacts worldwide. The global economy was severely damaged. Based on the Fama-French five-factor model, this paper selects agricultural, soda, and smoke industries in U.S. stock market and analyzes the market changes after the outbreak of Covid-19 and after the successful experiment of the vaccine. Data from Kenneth R. French Data Library is used in the research. It is found that none of the three industries were outside the impact. After the Covid-19, firms with value stock in agricultural industry, soda-related firms in small size with strong profitability, and big-sized smoke companies with value stock are recommended to the investors.

Copyright

© 2023 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.

Download article (PDF)

TY  - CONF
AU  - Yuxiang Song
PY  - 2022
DA  - 2022/12/27
TI  - Impact of COVID-19 and Vaccine on Agric, Soda, Smoke Industry Based on Fama-French Five-Factor Model
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1193
EP  - 1200
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_134
DO  - 10.2991/978-94-6463-098-5_134
ID  - Song2022
ER  -