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COVID-19 - The Reaction of US Oil and Gas Producers to the Pandemic

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  • Bernard Njindan Iyke

    (Asia Pacific Applied Economics Association)

Abstract

In this paper, we examine the reaction of US oil and gas producers to the COVID-19 pandemic. We find that firms react to COVID-19 heterogeneously. The pandemic significantly explains 28% of returns and 27% of return volatility. These findings are qualitatively consistent when using competing COVID-19 indicators.

Suggested Citation

  • Bernard Njindan Iyke, 2021. "COVID-19 - The Reaction of US Oil and Gas Producers to the Pandemic," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 1(1), pages 1-4.
    • Handle: RePEc:ayb:jrnerl:19
    DOI: 2021/06/16
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    References listed on IDEAS

    as
    1. Narayan, Paresh Kumar, 2019. "Can stale oil price news predict stock returns?," Energy Economics, Elsevier, vol. 83(C), pages 430-444.
    2. Ali, Mohsin & Alam, Nafis & Rizvi, Syed Aun R., 2020. "Coronavirus (COVID-19) — An epidemic or pandemic for financial markets," Journal of Behavioral and Experimental Finance, Elsevier, vol. 27(C).
    3. Narayan, Paresh Kumar & Sharma, Susan Sunila, 2011. "New evidence on oil price and firm returns," Journal of Banking & Finance, Elsevier, vol. 35(12), pages 3253-3262.
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    Cited by:

    1. Chen Liu, 2021. "COVID-19 and the Energy Stock Market - Evidence From China," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 2(3), pages 1-5.

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    More about this item

    Keywords

    oil and gas firms; covid-19; stock returns; volatility;
    All these keywords.

    JEL classification:

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

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