Researcher ORCID Identifier
https://orcid.org/0000-0002-1782-946X
Graduation Year
2021
Date of Submission
11-2020
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Janet K. Smith
Terms of Use & License Information
Rights Information
2020 Matiss Ozols
Abstract
This paper examines how publicly traded Ed Tech firms reacted to negative announcements regarding COVID-19. Using an event study method, I document how an international portfolio of Ed Tech firms react across multiple event windows. The results show that Ed Tech firms reacted positively to the announcement of the first US death and negatively to the World Health Organization’s declaration that COVID-19 was a pandemic. Additionally, differences in geographical location did not impact cumulative abnormal returns across event windows. Finally, firm-specific characteristics such as volatility and financial leverage had little or no significance on stock returns.
Recommended Citation
Ozols, Matiss, "Zoom In, Class Out: An Event Study on Publicly Traded Ed Tech Firm Valuations During COVID-19" (2021). CMC Senior Theses. 2541.
https://scholarship.claremont.edu/cmc_theses/2541
