| Id |
Subject |
Object |
Predicate |
Lexical cue |
| T320 |
0-86 |
Sentence |
denotes |
Moreover, we conduct several additional tests to ensure the robustness of our results. |
| T321 |
87-224 |
Sentence |
denotes |
First, we find that the continued decrease of provincial public health threats is positively related to the accumulative abnormal return. |
| T322 |
225-415 |
Sentence |
denotes |
Second, we find that the community lockdown has a negative moderating effect on the negative relationship between continued increasing public health threats and accumulative abnormal return. |
| T323 |
416-603 |
Sentence |
denotes |
Third, we find that the negative effect of increasing threats is weaker for firms with a higher level of geographical diversification, operating cash flow, and with a clean audit opinion. |
| T324 |
604-718 |
Sentence |
denotes |
Fourth, we find that our results are not driven by the fluctuations in the number of new confirmed COVID-19 cases. |
