The Impact of the COVID-19 Pandemic on Amazon's Business

11 Pages Posted: 16 Jan 2021

See all articles by Sıla Işık

Sıla Işık

Middle East Technical University (METU) - Department of Economics

Hazal İbiş

Middle East Technical University (METU) - Department of Economics

Osman Gulseven

Skyline University College Sharjah; Middle East Technical University (METU) - Department of Economics

Date Written: January 14, 2021

Abstract

This article aims to examine the relationship between the COVID-19 pandemic and Amazon company, one of the most preferred online shopping companies. In doing this, we analyze the relationship between stock prices and sales. Since the COVID-19 virus outbreak on December 1, 2019, online shopping demand has increased exponentially. The main reasons for this are shutdowns and voluntary or mandatory quarantine decisions that occur with the disease becoming a global epidemic. With the increasing number of cases, there has been an increase in these closures and quarantines. People who prefer online shopping and have made a habit may have continued this habit when cases decrease at specific periods, measures relax, and closures reduce. The analysis results can contribute to studies on new habits that households have acquired in extreme conditions.

Keywords:  COVID-19 pandemic, weekly case rate, Amazon, sales, online shopping, e-commerce, Amazon stock prices, demand, shopping behaviors, regression analysis, correlation analysis 

JEL Classification: C01, D03, F1

Suggested Citation

Işık, Sıla and İbiş, Hazal and Gulseven, Osman, The Impact of the COVID-19 Pandemic on Amazon's Business (January 14, 2021). Available at SSRN: https://ssrn.com/abstract=3766333 or http://dx.doi.org/10.2139/ssrn.3766333

Sıla Işık

Middle East Technical University (METU) - Department of Economics ( email )

Inonu Bulvari
Ankara
Turkey

Hazal İbiş (Contact Author)

Middle East Technical University (METU) - Department of Economics ( email )

Inonu Bulvari
Ankara
Turkey

Osman Gulseven

Skyline University College Sharjah ( email )

Sharjah, 1797
United Arab Emirates

Middle East Technical University (METU) - Department of Economics ( email )

Inonu Bulvari
Ankara
Turkey

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