Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns.

Autor: Al-Awadhi AM; College of Business Studies, Public Authority for Applied Education and Training (PAAET), Kuwait., Alsaifi K; College of Business Studies, Public Authority for Applied Education and Training (PAAET), Kuwait., Al-Awadhi A; Kuwait Consultancy Group, Kuwait., Alhammadi S; College of Business Administration, Gulf University of Since and Technology, Kuwait.
Jazyk: angličtina
Zdroj: Journal of behavioral and experimental finance [J Behav Exp Finance] 2020 Sep; Vol. 27, pp. 100326. Date of Electronic Publication: 2020 Apr 08.
DOI: 10.1016/j.jbef.2020.100326
Abstrakt: This study investigates whether contagious infectious diseases affect stock market outcomes. As a natural experiment, we use panel data analysis to test the effect of the COVID-19 virus, which is a contagious infectious disease, on the Chinese stock market. The findings indicate that both the daily growth in total confirmed cases and in total cases of death caused by COVID-19 have significant negative effects on stock returns across all companies.
(© 2020 Elsevier B.V. All rights reserved.)
Databáze: MEDLINE
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