Fig 1.
AAR trends over the 41-day event window (-20, +20).
Note: The dashed red vertical line indicates the event day (January 23, 2020), and the horizontal axis shows trading days within the event window.
Table 1.
Industry-specific AARs over the event window.
Table 2.
Industry-specific CAARs at 1-digit level over the 9-day event window.
Table 3.
Industry-specific impact at 2-digit level under ICNEA scheme, 9-day event window.
Table 4.
Industry-specific impact at 2-digit level under CSRC scheme, 9-day event window.
Table 5.
Descriptive statistics of all variables.
Table 6.
Baseline regression results.
Table 7.
Subsample regression results: SSE & SZSE main board and ChiNext.
Table 8.
Subsample regression results: Manufacturing subsample and service subsample.