| Id |
Subject |
Object |
Predicate |
Lexical cue |
| T206 |
0-4 |
Sentence |
denotes |
4.1. |
| T207 |
5-25 |
Sentence |
denotes |
Full Sample Analyses |
| T208 |
26-180 |
Sentence |
denotes |
Table 4 presents the multiverse regression results on the association between continued increasing public health threats and accumulative abnormal return. |
| T209 |
181-313 |
Sentence |
denotes |
The Columns (A) and (D) show the results of the full sample with the dependent variable CAR, test variable CIPHT, and fixed effects. |
| T210 |
314-400 |
Sentence |
denotes |
The Columns (B) and (E) add nine variables that affect the cumulative abnormal return. |
| T211 |
401-506 |
Sentence |
denotes |
Moreover, Columns (C) and (F) further add four CEO attributes that affect the cumulative abnormal return. |
| T212 |
507-594 |
Sentence |
denotes |
We find that the coefficients on CIPHT in all columns are all negative and significant. |
| T213 |
595-763 |
Sentence |
denotes |
These results indicate that the accumulative abnormal return is lower for firm-days with the continued increase in provincial public health threats, consistent with H1. |
| T214 |
764-1106 |
Sentence |
denotes |
Regarding the economic significance, the magnitude of the coefficients in Columns (C) and (F) suggest that the accumulative abnormal return (CAR [−1, 1] and CAR [−2, 2]) of a firm surrounded by a continued increasing public health threat is on average about 0.1 percent lower than that of a firm without continued regional increasing threats. |
