Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Impact of National Lock down on Smes-An Event Study Analysis

Author(s): A. Antony Lourdesraj, M. Babu, J. Gayathri, G. Indhumathi, J. Sathya

COVID-19 pandemic has a far-reaching impact on businesses. SME sector central to functioning of Indian Economy also suffered from COVID-19. Event study methodology like mean Adjusted Returns Model, Market Adjusted Returns, Market Model and GARCH (1, 1) Model were used, for estimating the volatility in the stock return of SME sector. The study revealed that the national lockdown in India has huge impact on the SME sector, during the pandemic.

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