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The performance of delivery firms during the pandemic

Mulder, Job (2021) The performance of delivery firms during the pandemic.

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Abstract:This study investigated the stock performance of delivery firms during the COVID-19 pandemic, by the means of an event study, in which the event date that has been investigated is March 18, 2020, which is the announcement of a global pandemic by the WHO. The pandemic is an external shock that has an affect on the stock market, the US stock market has never had as many stock market jumps (increase or decrease of at least 2.5%) in a short period as now during the pandemic. Results of the study indicate that the event has caused the delivery industry to have a significant increase in stock returns and that the industry also has experienced these market jumps. The returns in the two different sectors (parcel delivery and food delivery) in the industry also differ. The parcel delivery sector’s stock return only became higher after the event, whereas the food delivery sector’s stock returns only declined after the event. Governmental lockdown measures caused the sectors to perform differently during the event and that larger companies benefited more from these measures.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration BSc (56834)
Link to this item:http://purl.utwente.nl/essays/86657
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