We study the short-term market reactions of US and European stocks during the beginning
of the COVID-19 pandemic. Employing an event study, we document that stocks react …

We review the literature on the impact of the COVID-19 pandemic on financial markets. We
first document several key facts about equity and fixed-income markets during this period …

Using the first reported case of COVID-19 in a given US county as the event day, we find that
firms headquartered in an affected county experience, on average, a 27-bps lower return in …

We propose a duration‐based explanation for the premia on major equity factors, including
value, profitability, investment, low‐risk, and payout factors. These factors invest in firms that …

This paper studies how the COVID-19 shock affects the CDS spread changes and abnormal
stock returns of US firms with different levels of debt rollover risk. We use the COVID-19 …

We distill evidence about the effects of COVID-19 on companies. Stock price reactions to the
shock differed greatly across firms, depending on their resilience to social distancing …

The present study aims to investigate the association between corporate governance
mechanisms and financial performance among companies listed on the Tehran Stock …

This study empirically investigates whether and how the COVID-19 pandemic affects
corporate financial asset holdings. We find that firms with higher pandemic exposure are …

This research investigates the impact of crisis due to the COVID-19 pandemic on the
dividend policy of green index companies in Indonesia, namely the Sustainable and …

The recent literature provides conflicting findings and remains inconclusive regarding the
impact of the COVID-19 crisis on firms' dividend policies. In this paper, we examine the …