Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

Research on the Impact of the COVID-19 on the Consumer Goods Industry Group in the U.S. Stock Market

Authors
Rui Wang1, *
1School of Accounting, Southwestern University of Finance and Economics, Sichuan 611130, China
*Corresponding author. Email: 41914376@smail.swufe.edu.cn
Corresponding Author
Rui Wang
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.046How to use a DOI?
Keywords
Fama-French five-factor Model; COVID-19; Consumer goods industry; U.S. stock market
Abstract

The COVID-19 epidemic has severely affected the world economy, and the consumer goods industry in the United States has been influenced. Based on the Fama-French five-factor model, this study uses data from Ken.French/Data_Library website to perform multiple linear regression analysis. The research results show that the consumer goods industry group’s overall market risk (Mkt-Rf) has increased slightly. The RMW of the food and soda industries after the epidemic has become significant and is negatively correlated with the rate of return Ri. The SMB of the beer industry has become significant after the epidemic and is related to the rate of return is positive. The smoke industry has become significant in HML, RMW, and CMA after the epidemic. The epidemic’s impact on the consumer goods industry is not very serious, and the entire industry fluctuates slightly.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.046
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.046How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Rui Wang
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Impact of the COVID-19 on the Consumer Goods Industry Group in the U.S. Stock Market
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 275
EP  - 280
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.046
DO  - 10.2991/assehr.k.211209.046
ID  - Wang2021
ER  -