#2235. Pandemics, intermediate goods, and corporate valuation
July 2026 | publication date |
Proposal available till | 30-05-2025 |
4 total number of authors per manuscript | 5020 $ |
The title of the journal is available only for the authors who have already paid for |
|
|
Journal’s subject area: |
Finance;
Economics and Econometrics; |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)
Abstract:
We evaluate whether the changes in valuation of corporates during the first wave of the COVID-19 pandemic depend on their downstream or upstream industries’ exposure to social distancing. Using a new dataset on sectoral dependence on the use and sale of intermediate goods, we find that firms whose downstream sectors are more affected by social distancing suffer from a greater decline in stock prices during the first quarter of 20XX. Such an effect is mitigated for large firms.
Keywords:
Cash; Intermediate goods; Liquidity; Pandemic; Valuation
Contacts :