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Assessing the Impact of the COVID-19 Pandemic on the Greek Energy Firms - An Event Study Analysis

Author

Listed:
  • Michael Polemis
  • Symeoni Soursou

    (Asia Pacific Applied Economics Association)

Abstract

This study examines the impact of the COVID-19 pandemic on the stock returns of 11 Greek energy listed companies. Using an event study approach covering a window of 10 days before and 10 days after the general lockdown (23/3/2020), we show that the pandemic influenced returns of the majority of the listed energy firms. However, diverging from the event day sees the negative effects dissipating.

Suggested Citation

  • Michael Polemis & Symeoni Soursou, 2021. "Assessing the Impact of the COVID-19 Pandemic on the Greek Energy Firms - An Event Study Analysis," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 1(1), pages 1-4.
    • Handle: RePEc:ayb:jrnerl:14
    DOI: 2021/06/16
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    Citations

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    Cited by:

    1. Afees A. Salisu & Kingsley Obiora, 2021. "COVID-19 pandemic and the crude oil market risk: hedging options with non-energy financial innovations," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-19, December.
    2. Salisu, Afees A. & Vo, Xuan Vinh & Lucey, Brian, 2021. "Gold and US sectoral stocks during COVID-19 pandemic," Research in International Business and Finance, Elsevier, vol. 57(C).

    More about this item

    Keywords

    covid-19; energy industry; financial performance; event study analysis;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth

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