Graduate School of Business
Doctor of Business Administration (DBA)
Finance, Pandemic, Rate of Return, Abnormal Return, Expected Return, Actual Return
Burnette, Ronald Franklin Jr, "Pandemics and United States Pharmaceutical Stocks’ Rates of Return" (2022). Doctoral Dissertations and Projects. 3491.
Understanding the stock market in the 21st century is very important to investors as well as company executives. All publicly traded companies get most of their financing by issuing stock on the various stock markets of the world. These stocks are then brought and sold to investors. The research in this dissertation used the event study methodology to evaluate the United States stock market rate of return for pharmaceutical stocks impacted by pandemics in 2009 and 2020. Using the stocks' historical data before and after the announcement of a pandemic by the World Health Organization, this event study will see if the pandemic affects the stocks' rate of return.