Firm Characteristics and Stock Returns during 2008 Financial Crash

UNCP Author/Contributor (non-UNCP co-authors, if there are any, appear on document)
Victor Bahhouth Ph.D., Associate Director of BIS studies and Professor of Finance (Creator)
Dr. Lydia Gan, Associate Professor (Creator)
Dr. Xinyan (Yan) Shi, Associate Professor, School of Business (Creator)
The University of North Carolina at Pembroke (UNCP )
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Abstract: The purpose of this paper is to study the characteristics of firms that reported positive price movements during the 2008 crash. In the last decade, the stock market had two crashes; the first one occurred in year 2000 and the second one occurred in year 2008, where the stock market lost more than 50% of its value and shook the global economy. The study highlights the financial characteristics of those firms that reported positive price movements during the 2008 crash period, tests their significance, and attempts to explain their underlying reasons. The study employs both fundamental and market measures. In particular, we study if there is a significant difference between the financial structure of health sector and other sectors, and among the groups of firms within the health sector.

Additional Information

Journal of Social Sciences Research Volume 2, 2013
Language: English
Date: 2013
Market Crash, Stock Price Movement, Stock Return, Financial Characteristics

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