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Effects of Coronavirus (Covid-19) on the stocks of Biotechnology companies
Högskolan Väst, Institutionen för ekonomi och it, Avd för juridik, ekonomi, statistik och politik.
2021 (engelsk)Independent thesis Basic level (degree of Bachelor), 10 poäng / 15 hpOppgave
Abstract [en]

In this thesis, the effects of Covid-19 on biotechnological companies are being studied. Five companies are analyzed: AstraZeneca PLC (AstraZeneca), Pfizer, Novavax, Modena, and Janssen, an affiliate of Johnson & Johnson. Where we analyze Abnormal returns these five companies for the period between December 20, 2018, to January 28, 2020. We use the Capital Asset Pricing Model (CAPM) to calculate the alpha and beta measurements for the five companies. The results shows that abnormal returns were observed before and after the event date and continue to record mild increases in the long run. In addition, it was observed that there existed positive significant abnormal returns in the short run in Pfizer, Novax, Johnson & Johnson, and AstraZeneca. Moderna recorded positive abnormal returns, but they were not significant. We conclude that the market disruption made it difficult to anticipate financial markets during the coronavirus pandemic. Scientist and governments paid attention to the spread and supported the development these select companies were making, with the hope of producing vaccines and medicines to help curb the pandemic.

sted, utgiver, år, opplag, sider
2021. , s. 27
Emneord [en]
Corona, Covid-19, bio-technical companies, effect
HSV kategori
Identifikatorer
URN: urn:nbn:se:hv:diva-17378Lokal ID: EXC513OAI: oai:DiVA.org:hv-17378DiVA, id: diva2:1588134
Fag / kurs
Nationalekonomi
Utdanningsprogram
Mäklarekonomprogrammet, fastighet och finans
Veileder
Examiner
Tilgjengelig fra: 2021-09-01 Laget: 2021-08-26 Sist oppdatert: 2021-09-01bibliografisk kontrollert

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