Partisan Return Gap: The Polarized Stock Market in the Time of a Pandemic
Join us as we delve into the world of COVID-19 and politics! JinFei Sheng will break down sharp differences in stock price responses to COVID-19 related news - specifically contrasting differences between firms headquartered in blue counties vs red counties. As a sneak peak, red-county stocks on average experienced 18 basis points higher abnormal returns than blue-county stocks! This has been dubbed the "Partisan Return Gap" - to find out more about factors that affect this Partisan Return Gap (hint: some of it has to do with GPS tracking data!) as well as a deep dive on COVID 19 news effects, check out this webinar!