Titulo:
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones
.
Sumario:
El objetivo fue analizar los efectos financieros producidos por la Pandemia COVD-19 en las empresas que integran el índice Dow Jones Industrial Average (DJIA). Se realizó la aplicación de la técnica Estudio de Eventos, a 30 entidades que conforman el DJIA, considerando el impacto financiero de las fechas de los comunicados de la Organización Mundial de la Salud (OMS) en los rendimientos accionarios. Los resultados del análisis prueban la existencia de evidencia favorable con relación a la eficiencia de mercado del DJIA, además, se pudo demostrar que los beneficios bursátiles de las organizaciones que integran el sector tecnología, tienen un rendimiento positivo ante los informes sobre crisis sanitarias difundidos por la OMS.
Guardado en:
2248-6046
2011-7663
16
2024-07-24
Maria Luisa Saavedra García, Filiberto Enrique Valdés Medina - 2024
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
info:eu-repo/semantics/openAccess
http://purl.org/coar/access_right/c_abf2
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Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones Financial Effects of the Covid 19 Pandemic on Stock Prices of Dow Jones Index El objetivo fue analizar los efectos financieros producidos por la Pandemia COVD-19 en las empresas que integran el índice Dow Jones Industrial Average (DJIA). Se realizó la aplicación de la técnica Estudio de Eventos, a 30 entidades que conforman el DJIA, considerando el impacto financiero de las fechas de los comunicados de la Organización Mundial de la Salud (OMS) en los rendimientos accionarios. Los resultados del análisis prueban la existencia de evidencia favorable con relación a la eficiencia de mercado del DJIA, además, se pudo demostrar que los beneficios bursátiles de las organizaciones que integran el sector tecnología, tienen un rendimiento positivo ante los informes sobre crisis sanitarias difundidos por la OMS. The objective was to analyze the financial effects produced by the COVD-19 Pandemic in the companies that make up the Dow Jones Industrial Average (DJIA) index. The Event Study technique was applied to 30 entities that make up the DJIA, considering the financial impact of the dates of the World Health Organization (WHO) communications on stock returns. The results of the analysis prove the existence of favorable evidence in relation to the market efficiency of the DJIA, in addition, it was possible to demonstrate that the stock market benefits of the organizations that make up the technology sector have a positive performance in light of the reports on health crises disseminated by the OMS. Saavedra García, Maria Luisa Valdés Medina, Filiberto Enrique Dow Jones Covid 19 Mercado eficiente Estudio de Eventos Dow Jones Covid 19 efficient market Event study 16 2 Artículo de revista Journal article 2024-07-24T11:11:06Z 2024-07-24T11:11:06Z 2024-07-24 Universidad Católica de Colombia Revista Finanzas y Política Económica 2248-6046 2011-7663 https://revfinypolecon.ucatolica.edu.co/article/view/5726 10.14718/revfinanzpolitecon.v16.n2.2024.9 https://doi.org/10.14718/revfinanzpolitecon.v16.n2.2024.9 spa https://creativecommons.org/licenses/by-nc-sa/4.0 Maria Luisa Saavedra García, Filiberto Enrique Valdés Medina - 2024 Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0. Abadie, A. (2005). Semiparametric Difference-in-Differences Estimators. The Review of Economic Studies, 72(1), 1-19. Abadie, A., Diamond, A., & Hainmueller, J. (2010). Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program. Journal of the American Statistical Association, 105(490), 493-505. Abadie, A., Diamond, A., & Hainmueller, J. (2015). Comparative Politics and the Synthetic Control Method. American Journal of Political Science, 59(2), 495-510. Abadie, A., & Gardeazabal, J. (2003). The Economic Costs of Conflict: A Case Study of the Basque Country. American Economic Review, 93(1), 113-132. Abraham, F., Leliaert, H., & Heremans, D. (1991). Foreign Dependence of Individual Stock Prices: The Role of Aggregate Product Market Developments. Open Economies Review, 2(1), 1-26. https://doi.org/10.1007/BF01886132 Ahmed, R. R., Streimikiene, D., Rolle, J. A., & Pham, A. D. (2020). The COVID-19 pandemic and the antecedants for the impulse buying behavior of US citizens. Journal of Competitiveness, 12(3), 5–27. https://doi.org/10.7441/joc.2020.03.01 Alajbeg, D., Bubaš, Z., & Šonje, V. (2012). 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Culturacientifica.com. https://culturacientifica.com/2017/11/07/la-paradoja-la-recurrencia/#:~:text=Seg%C3%BAn%20este%20mito%2C%20la%20historia,una%20forma%20concreta%20por%20casualidad Velásquez, G. (2009). El impacto de anuncio de eventos en el mercado accionario Colombiano. Maestría en Ciencias en Finanzas, Universidad EAFIT. https://repository.eafit.edu.co/handle/10784/253 Verikios, G., McCaw, J., McVernon, J., & Harris, A. (2012). H1N1 Influenza and the Australian Macroeconomy. Journal of the Asia Pacific Economy, 17(1), 22-51. https://doi.org/10.1080/13547860.2012.639999 Waheed, R., Wei, C., Sarwar, S., & Yulan, L. (2018). Impact of oil prices on firm stock return: industry-wise analysis. Empirical Economics, 55(3), 765–780. https://doi.org/10.1007/s00181-017-1296-4 Wilcoxon, F. (1945). Individual comparison by ranking methods. Biometrics Bulletin, 1(6), 80-83. https://doi.org/10.2307/3001968 Yuen, K., & Lee, T. (2003). Could mood state affect risk-taking decisions? Journal of Affective Disorders, 75(1), 11-18. https://doi.org/10.1016/S0165-0327(02)00022-8 Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters, 36, 101528. https://doi.org/10.1016/j.frl.2020.101528 Zou, L., & Robert, W. (2017). How important are earnings announcements in China? Pacific Accounting Review, 29(3), 380-396. https://doi.org/10.1108/PAR-02-2017-0011 info:eu-repo/semantics/article http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_2df8fbb1 http://purl.org/redcol/resource_type/ART info:eu-repo/semantics/publishedVersion http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Text Publication |
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UNIVERSIDAD CATÓLICA DE COLOMBIA |
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https://nuevo.metarevistas.org/UNIVERSIDADCATOLICADECOLOMBIA/logo.png |
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Colombia |
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Revista Finanzas y Política Económica |
| title |
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones |
| spellingShingle |
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones Saavedra García, Maria Luisa Valdés Medina, Filiberto Enrique Dow Jones Covid 19 Mercado eficiente Estudio de Eventos Dow Jones Covid 19 efficient market Event study |
| title_short |
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones |
| title_full |
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones |
| title_fullStr |
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones |
| title_full_unstemmed |
Efectos Financieros del Covid 19 en los beneficios bursátiles de las Emisoras Integrantes del Índice Dow Jones |
| title_sort |
efectos financieros del covid 19 en los beneficios bursátiles de las emisoras integrantes del índice dow jones |
| title_eng |
Financial Effects of the Covid 19 Pandemic on Stock Prices of Dow Jones Index |
| description |
El objetivo fue analizar los efectos financieros producidos por la Pandemia COVD-19 en las empresas que integran el índice Dow Jones Industrial Average (DJIA). Se realizó la aplicación de la técnica Estudio de Eventos, a 30 entidades que conforman el DJIA, considerando el impacto financiero de las fechas de los comunicados de la Organización Mundial de la Salud (OMS) en los rendimientos accionarios. Los resultados del análisis prueban la existencia de evidencia favorable con relación a la eficiencia de mercado del DJIA, además, se pudo demostrar que los beneficios bursátiles de las organizaciones que integran el sector tecnología, tienen un rendimiento positivo ante los informes sobre crisis sanitarias difundidos por la OMS.
|
| description_eng |
The objective was to analyze the financial effects produced by the COVD-19 Pandemic in the companies that make up the Dow Jones Industrial Average (DJIA) index. The Event Study technique was applied to 30 entities that make up the DJIA, considering the financial impact of the dates of the World Health Organization (WHO) communications on stock returns. The results of the analysis prove the existence of favorable evidence in relation to the market efficiency of the DJIA, in addition, it was possible to demonstrate that the stock market benefits of the organizations that make up the technology sector have a positive performance in light of the reports on health crises disseminated by the OMS.
|
| author |
Saavedra García, Maria Luisa Valdés Medina, Filiberto Enrique |
| author_facet |
Saavedra García, Maria Luisa Valdés Medina, Filiberto Enrique |
| topicspa_str_mv |
Dow Jones Covid 19 Mercado eficiente Estudio de Eventos |
| topic |
Dow Jones Covid 19 Mercado eficiente Estudio de Eventos Dow Jones Covid 19 efficient market Event study |
| topic_facet |
Dow Jones Covid 19 Mercado eficiente Estudio de Eventos Dow Jones Covid 19 efficient market Event study |
| citationvolume |
16 |
| citationissue |
2 |
| publisher |
Universidad Católica de Colombia |
| ispartofjournal |
Revista Finanzas y Política Económica |
| source |
https://revfinypolecon.ucatolica.edu.co/article/view/5726 |
| language |
spa |
| format |
Article |
| rights |
https://creativecommons.org/licenses/by-nc-sa/4.0 Maria Luisa Saavedra García, Filiberto Enrique Valdés Medina - 2024 Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0. info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 |
| references |
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