Research on the Impact of the COVID-19 on the Consumer Goods Industry Group in the U.S. Stock Market
- 10.2991/assehr.k.211209.046How to use a DOI?
- Fama-French five-factor Model; COVID-19; Consumer goods industry; U.S. stock market
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.
- © 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 -