Table 2 Results of RD regressions for stock price in Mainland China.
From: Stock price reactions to reopening announcements after China abolished its zero-COVID policy
Nov 11–20 new measures | Dec 7–10 new measures | Dec 26–announce reopen | Jan 8–actual reopen | |||||
|---|---|---|---|---|---|---|---|---|
<−5, 5> | <−10, 10> | <−5, 5> | <−10, 10> | <−5, 5> | <−10, 10> | <−5, 5> | <−10, 10> | |
aftert | −0.0394*** | −0.0261*** | −0.008*** | −0.0253*** | 0.0139*** | 0.0253*** | −0.0054*** | −0.0055*** |
(0.0013) | (0.0007) | (0.0009) | (0.0007) | (0.00139) | (0.000615) | (0.0009) | (0.0006) | |
Running variables and interaction | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Firm fixed effect | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Month fixed effect | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Weekday fixed effect | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Observation | 54,747 | 94,563 | 54,747 | 104,517 | 54,747 | 104,517 | 54,747 | 104,517 |
R2 | 0.999 | 0.998 | 0.999 | 0.998 | 0.999 | 0.998 | 0.999 | 0.998 |
