Skip to main content
SpringerLink
Log in

Impacts of COVID-19 on Stock Returns of the Cross-border Transportation Industry

  • Conference paper
  • First Online:
Innovative Mobile and Internet Services in Ubiquitous Computing (IMIS 2022)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 496))

  • 513 Accesses

Abstract

This research examined the influence of COVID-19 on the stock returns of the cross-border transportation industry by performing an event study on the cumulative abnormal return of cross-border transportation companies listed in Taiwan from December 2019 to February 2021. The purpose is to analyze whether the pandemic has a negative impact on the stock returns of the cross-border transportation industry. The empirical results indicate the cumulative abnormal return is indeed influenced by COVID-19, but the impact can be positive or negative at different time points.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 259.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 329.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

Notes

  1. 1.

    Anue website at https://stock.cnyes.com/market/TWS:2618:STOCK/eps.

  2. 2.

    Ministry of Health and Welfare, https://www.mohw.gov.tw/mp-1.html.

References

  • Ball, R., Brown, P.: An empirical evaluation of accounting income numbers. J. Account. Res. Autumn, 159–178 (1968)

    Google Scholar 

  • Fama, E.F., Fisher, L., Jensen, M.C., Roll, R.: The adjustment of stock prices to new information. Int. Econ. Rev. 10, 1–21 (1969)

    Article  Google Scholar 

Download references

Acknowledgments

This research was supported by Ministry of Science and Technology of the Republic of China under contract MOST 110-2813-C-468-083-H.

Author information

Authors and Affiliations

  1. Department of Finance, Asia University, No. 500, Liufeng Rd., Wufeng Dist., Taichung City, 413305, Taiwan

    Ying-Li Lin & Kuei-Yuan Wang

  2. Dong Ming Elementary School, No. 93, Dongming Rd., Dajia Dist., Taichung City, 437106, Taiwan

    Ching-Ru Yang

Authors
  1. Ying-Li Lin
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Kuei-Yuan Wang
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Ching-Ru Yang
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Kuei-Yuan Wang .

Editor information

Editors and Affiliations

  1. Department of Information and Communication Engineering, Fukuoka Institute of Technology, Fukuoka, Japan

    Leonard Barolli

Rights and permissions

Reprints and permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Lin, YL., Wang, KY., Yang, CR. (2022). Impacts of COVID-19 on Stock Returns of the Cross-border Transportation Industry. In: Barolli, L. (eds) Innovative Mobile and Internet Services in Ubiquitous Computing. IMIS 2022. Lecture Notes in Networks and Systems, vol 496. Springer, Cham. https://doi.org/10.1007/978-3-031-08819-3_36

Download citation

Publish with us

Policies and ethics

Search

Navigation