Henry Daniel Vera Ramírez, Ferly Antonio Valencia Serna
{"title":"Stock price performance of pharmaceutical companies: pre-vaccine COVID-19 - post-vaccine COVID-19","authors":"Henry Daniel Vera Ramírez, Ferly Antonio Valencia Serna","doi":"10.17561/ree.n1.2022.6638","DOIUrl":null,"url":null,"abstract":"This paper performs an analysis of the behaviour of the shares of the main pharmaceutical companies that research to obtain vaccines with a high degree of efficacy for COVID-19. A multiple regression econometric model is proposed, which relates stock prices to the impact of vaccine development on stock prices, including a dummy variable -over the time series- in the analysis. The results suggest significant associations between some pharmaceutical companies that developed vaccines in record time in the period analysed and an impact on the sector’s earnings performance.","PeriodicalId":41443,"journal":{"name":"Revista de Estudios Empresariales-Segunda Epoca","volume":"1 1","pages":""},"PeriodicalIF":0.1000,"publicationDate":"2022-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista de Estudios Empresariales-Segunda Epoca","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17561/ree.n1.2022.6638","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper performs an analysis of the behaviour of the shares of the main pharmaceutical companies that research to obtain vaccines with a high degree of efficacy for COVID-19. A multiple regression econometric model is proposed, which relates stock prices to the impact of vaccine development on stock prices, including a dummy variable -over the time series- in the analysis. The results suggest significant associations between some pharmaceutical companies that developed vaccines in record time in the period analysed and an impact on the sector’s earnings performance.