ABSTRACT

This research examines the shock of a government response to COVID-19 on the stock prices of 30 international energy enterprises spanning from January 1, 2020 to December 31, 2020. Overall, the empirical results denote that a government response stringency index, containment and health index, and economic support index all have a statistically significant negative impact on their stock prices. The negative impact from the containment and health index is especially the greatest, implying that a government’s stringent responses have great negative effect on the stock prices of most energy enterprises.

中文翻译：

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政府对 COVID-19 的反应是否会损害能源企业的股价？

摘要

本研究考察了政府对 COVID-19 的反应对 2020 年 1 月 1 日至 2020 年 12 月 31 日期间 30 家国际能源企业股价的冲击。总体而言，实证结果表明政府反应严格指数、遏制和健康指数、经济支持指数均对其股价产生统计上显着的负面影响。尤其是防控和健康指数的负面影响最大，意味着政府的严厉应对对大多数能源企业的股价产生了很大的负面影响。