Media contributions
1Media contributions
Title Compliance with stay-at-home orders can be good news for shareholders Degree of recognition International Media name/outlet VoxEU Media type Web Date 8/07/20 Description Stay-at-home orders, when effective, can save both lives and the economy. Even though the short-term economic impact is very significant, not getting the pandemic under control can impose even higher economic costs in the future. This column studies the market reactions following staggered lockdown events across US states during Covid-19. It finds that returns on firms located in lockdown states are higher following the lockdown. These reactions can be interpreted as reflecting updated beliefs of market participants in the light of events that follow the lockdowns, such as compliance with stay-at-home orders. URL https://voxeu.org/article/compliance-stay-home-orders-can-be-good-news-shareholders Persons Chen Chen, Sudipto Dasgupta, Thanh Huynh, Ying Xia