Brazilian stock market reaction to the Covid-19 pandemic and firm characteristics
Nathália Pinto Fondaik,
Júlia Aquino Brum,
Carolina Magda da Silva Roma
et al.
Abstract:Purpose: This article investigated the reaction of the Brazilian stock market to the Covid-19 pandemic and the characteristics that made some companies less vulnerable than others based on the measurement of abnormal returns using the event study methodology. Originality/value: The article contributes to informed decision-making, as the results expand the literature on the impacts of extreme events on the stock market of an emerging country, contributing to investors’ risk and portfolio management strategies.… Show more
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