The impact of 5G technology initiatives on the performance of the stock market in the Chinese video app industry

Abstract

I have estimated the stock market's return on the video industry, finding that since the popularizing of the 5G technology, the stock of the video industry has behaved correlating with this technology. Therefore, I have used the Difference-In-Difference model to determine the relationship between 5G technology and the change of the stock market in the video industry. However, there are influencing variables like inflation, the golden return, and even the Covid-19. This paper illustrates the initiatives of 5G technology harm the performance of the stock market on the stock market on video app industry. Using Capital Asset Pricing Model to replace the absolute return function, I also find that 5G technology initiatives will negatively influence the performance of the video industry’s stock market. This paper contributes to the relationship between 5G technology initiatives and the performance of the stock market and the stock market in the video industry.