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Effects of Coronavirus (Covid-19) on the stocks of Biotechnology companies
University West, School of Business, Economics and IT, Divison of Law, Economics, Statistics and Politics.
2021 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
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.

Place, publisher, year, edition, pages
2021. , p. 27
Keywords [en]
Corona, Covid-19, bio-technical companies, effect
National Category
Economics
Identifiers
URN: urn:nbn:se:hv:diva-17378Local ID: EXC513OAI: oai:DiVA.org:hv-17378DiVA, id: diva2:1588134
Subject / course
Nationalekonomi
Educational program
Mäklarekonomprogrammet, fastighet och finans
Supervisors
Examiners
Available from: 2021-09-01 Created: 2021-08-26 Last updated: 2021-09-01Bibliographically approved

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