{"title":"COVID-19爆发对越南上市非金融公司利润和流动性的影响COVID-19爆发对越南上市非金融公司股票回报和流动性的影响","authors":"","doi":"10.59006/vnfa-jaa.0420236","DOIUrl":null,"url":null,"abstract":"The purpose of this paper is to investigate the impact of COVID-19 outbreak on stock’s returns and liquidity of listed non-financial companies in Vietnam. The authors used panel data regression on a dataset of 647 listed non-financial companies in Vietnam from January 30th, 2020 to April 30th, 2022. The regression results show that the daily growth in the total number of confirmed cases caused by COVID-19 have significant negative effects on stock’s returns and liquidity across all companies. The study also found that the COVID-19 lockdown had a significant positive effect on the stock's returns and liquidity of companies. In addition, research results also show that stock’s returns and liquidity are different across market capitalization during the COVID-19 outbreak. From this result, the article has given some policy implications for the government and investors. Keywords: COVID-19, Daily stock returns, Stock’s liquidity. JEL Classification: E00, E19, E29","PeriodicalId":47160,"journal":{"name":"Journal of Accounting Auditing and Finance","volume":null,"pages":null},"PeriodicalIF":1.3000,"publicationDate":"2023-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"TÁC ĐỘNG CỦA SỰ BÙNG PHÁT COVID-19 ĐẾN LỢI NHUẬN VÀ THANH KHOẢN CỔ PHIẾU CỦA CÁC CÔNG TY PHI TÀI CHÍNH NIÊM YẾT TẠI VIỆT NAM IMPACT OF COVID-19 OUTBREAK ON STOCK'S RETURNS AND LIQUIDITY OF LISTED NON-FINANCIAL COMPANIES IN VIETNAM\",\"authors\":\"\",\"doi\":\"10.59006/vnfa-jaa.0420236\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The purpose of this paper is to investigate the impact of COVID-19 outbreak on stock’s returns and liquidity of listed non-financial companies in Vietnam. The authors used panel data regression on a dataset of 647 listed non-financial companies in Vietnam from January 30th, 2020 to April 30th, 2022. The regression results show that the daily growth in the total number of confirmed cases caused by COVID-19 have significant negative effects on stock’s returns and liquidity across all companies. The study also found that the COVID-19 lockdown had a significant positive effect on the stock's returns and liquidity of companies. In addition, research results also show that stock’s returns and liquidity are different across market capitalization during the COVID-19 outbreak. From this result, the article has given some policy implications for the government and investors. Keywords: COVID-19, Daily stock returns, Stock’s liquidity. JEL Classification: E00, E19, E29\",\"PeriodicalId\":47160,\"journal\":{\"name\":\"Journal of Accounting Auditing and Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.3000,\"publicationDate\":\"2023-05-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Accounting Auditing and Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.59006/vnfa-jaa.0420236\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Accounting Auditing and Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.59006/vnfa-jaa.0420236","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
TÁC ĐỘNG CỦA SỰ BÙNG PHÁT COVID-19 ĐẾN LỢI NHUẬN VÀ THANH KHOẢN CỔ PHIẾU CỦA CÁC CÔNG TY PHI TÀI CHÍNH NIÊM YẾT TẠI VIỆT NAM IMPACT OF COVID-19 OUTBREAK ON STOCK'S RETURNS AND LIQUIDITY OF LISTED NON-FINANCIAL COMPANIES IN VIETNAM
The purpose of this paper is to investigate the impact of COVID-19 outbreak on stock’s returns and liquidity of listed non-financial companies in Vietnam. The authors used panel data regression on a dataset of 647 listed non-financial companies in Vietnam from January 30th, 2020 to April 30th, 2022. The regression results show that the daily growth in the total number of confirmed cases caused by COVID-19 have significant negative effects on stock’s returns and liquidity across all companies. The study also found that the COVID-19 lockdown had a significant positive effect on the stock's returns and liquidity of companies. In addition, research results also show that stock’s returns and liquidity are different across market capitalization during the COVID-19 outbreak. From this result, the article has given some policy implications for the government and investors. Keywords: COVID-19, Daily stock returns, Stock’s liquidity. JEL Classification: E00, E19, E29
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The Journal of Accounting, Auditing, and Finance (JAAF) is committed to publishing high quality studies in accounting and related fields. Papers on accounting issues relating to developing in other fields such as finance, economics, and operations are also welcome. Empirical, analytical and experimental works of all varieties and paradigms, normative as well as positive, will be considered, provided they significantly contribute to the advancement of our knowledge in accounting. Manuscripts submitted should contain original unpublished research and should not be under consideration for possible publication elsewhere.
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