Research report

Investors' perception of business group membership during an economic crisis : Evidence from the COVID-19 pandemic

  • Ducret, Romain University of Fribourg
    01.10.2020

51

English This paper examines how investors perceive business group membership in Korea during the COVID-19 pandemic. Stock price performance analysis reveals evidence of a time-varying and heterogeneous value of affiliation: investors discount business group affiliation during a market collapse, but are willing to pay a premium for affiliation during market recovery. Overall, this pattern is more... Show more…
Collections
Faculty
Faculté des sciences économiques et sociales
Language
  • English
Classification
Economics
Series statement
  • Working Papers SES ; 524
License
License undefined
Identifiers
  • RERO DOC 333178
Persistent URL
https://folia.unifr.ch/unifr/documents/309578