COVID–19’s Impact on the Chinese Stock Market

An Empirical Study Based on China’s ACG Industry

DOI

10.2991/aebmr.k.220603.169How to use a DOI?

Keywords

COVID-19; Stock price; Event study; China’s ACG industry

Abstract

The COVID-19 has had an uncertain impact on the world’s stock markets, bringing challenges or opportunities to all industries. This article adopts the descriptive statistical analysis and an event study approach to evaluate whether and how the COVID-19 has affected the animation, comic, and game (ACG) industry in China and discusses the possible reasons for the empirical results. The study found that COVID-19 has a significant positive impact on China’s ACG industry and the reasons for this phenomenon can be explained by the development status of China’s ACG industry and the impact of the policies of lockdown and quarantine during the event. In response to this result, timely risk warnings to ensure market security are important and investors are suggested to pay attention to the impact of policy changes on the market. This article will play a certain reference significance for future investors to deal with similar events.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Chengcheng Wang
PY  - 2022
DA  - 2022/07/01
TI  - COVID–19’s Impact on the Chinese Stock Market
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 1040
EP  - 1047
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.169
DO  - 10.2991/aebmr.k.220603.169
ID  - Wang2022
ER  -