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{"target":"https://pubannotation.org/docs/sourcedb/PMC/sourceid/7589389","sourcedb":"PMC","sourceid":"7589389","source_url":"https://www.ncbi.nlm.nih.gov/pmc/7589389","text":"4.1. Full Sample Analyses\nTable 4 presents the multiverse regression results on the association between continued increasing public health threats and accumulative abnormal return. The Columns (A) and (D) show the results of the full sample with the dependent variable CAR, test variable CIPHT, and fixed effects. The Columns (B) and (E) add nine variables that affect the cumulative abnormal return. Moreover, Columns (C) and (F) further add four CEO attributes that affect the cumulative abnormal return. We find that the coefficients on CIPHT in all columns are all negative and significant. 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. 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.","divisions":[{"label":"title","span":{"begin":0,"end":25}}],"tracks":[{"project":"LitCovid-PD-CLO","denotations":[{"id":"T132","span":{"begin":194,"end":195},"obj":"http://purl.obolibrary.org/obo/CLO_0001020"},{"id":"T133","span":{"begin":269,"end":272},"obj":"http://purl.obolibrary.org/obo/CLO_0002199"},{"id":"T134","span":{"begin":274,"end":278},"obj":"http://purl.obolibrary.org/obo/UBERON_0000473"},{"id":"T135","span":{"begin":327,"end":328},"obj":"http://purl.obolibrary.org/obo/CLO_0001021"},{"id":"T136","span":{"begin":905,"end":912},"obj":"http://purl.obolibrary.org/obo/CLO_0009955"},{"id":"T137","span":{"begin":921,"end":924},"obj":"http://purl.obolibrary.org/obo/CLO_0002199"},{"id":"T138","span":{"begin":927,"end":931},"obj":"http://purl.obolibrary.org/obo/CLO_0050507"},{"id":"T139","span":{"begin":937,"end":938},"obj":"http://purl.obolibrary.org/obo/CLO_0001020"},{"id":"T140","span":{"begin":958,"end":959},"obj":"http://purl.obolibrary.org/obo/CLO_0001020"},{"id":"T141","span":{"begin":1053,"end":1054},"obj":"http://purl.obolibrary.org/obo/CLO_0001020"}],"attributes":[{"subj":"T132","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T133","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T134","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T135","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T136","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T137","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T138","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T139","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T140","pred":"source","obj":"LitCovid-PD-CLO"},{"subj":"T141","pred":"source","obj":"LitCovid-PD-CLO"}]},{"project":"LitCovid-sentences","denotations":[{"id":"T206","span":{"begin":0,"end":4},"obj":"Sentence"},{"id":"T207","span":{"begin":5,"end":25},"obj":"Sentence"},{"id":"T208","span":{"begin":26,"end":180},"obj":"Sentence"},{"id":"T209","span":{"begin":181,"end":313},"obj":"Sentence"},{"id":"T210","span":{"begin":314,"end":400},"obj":"Sentence"},{"id":"T211","span":{"begin":401,"end":506},"obj":"Sentence"},{"id":"T212","span":{"begin":507,"end":594},"obj":"Sentence"},{"id":"T213","span":{"begin":595,"end":763},"obj":"Sentence"},{"id":"T214","span":{"begin":764,"end":1106},"obj":"Sentence"}],"namespaces":[{"prefix":"_base","uri":"http://pubannotation.org/ontology/tao.owl#"}],"attributes":[{"subj":"T206","pred":"source","obj":"LitCovid-sentences"},{"subj":"T207","pred":"source","obj":"LitCovid-sentences"},{"subj":"T208","pred":"source","obj":"LitCovid-sentences"},{"subj":"T209","pred":"source","obj":"LitCovid-sentences"},{"subj":"T210","pred":"source","obj":"LitCovid-sentences"},{"subj":"T211","pred":"source","obj":"LitCovid-sentences"},{"subj":"T212","pred":"source","obj":"LitCovid-sentences"},{"subj":"T213","pred":"source","obj":"LitCovid-sentences"},{"subj":"T214","pred":"source","obj":"LitCovid-sentences"}]},{"project":"LitCovid-PubTator","denotations":[{"id":"180","span":{"begin":288,"end":293},"obj":"Chemical"},{"id":"181","span":{"begin":540,"end":545},"obj":"Chemical"}],"namespaces":[{"prefix":"Tax","uri":"https://www.ncbi.nlm.nih.gov/taxonomy/"},{"prefix":"MESH","uri":"https://id.nlm.nih.gov/mesh/"},{"prefix":"Gene","uri":"https://www.ncbi.nlm.nih.gov/gene/"},{"prefix":"CVCL","uri":"https://web.expasy.org/cellosaurus/CVCL_"}],"attributes":[{"subj":"180","pred":"source","obj":"LitCovid-PubTator"},{"subj":"181","pred":"source","obj":"LitCovid-PubTator"}]}],"config":{"attribute types":[{"pred":"source","value type":"selection","values":[{"id":"LitCovid-PD-CLO","color":"#ec93a9","default":true},{"id":"LitCovid-sentences","color":"#93c3ec"},{"id":"LitCovid-PubTator","color":"#ddec93"}]}]}}