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

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...

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Autores principales: Al-Awadhi, Abdullah M., Alsaifi, Khaled, Al-Awadhi, Ahmad, Alhammadi, Salah
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7144859/
https://www.ncbi.nlm.nih.gov/pubmed/32292707
http://dx.doi.org/10.1016/j.jbef.2020.100326
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author Al-Awadhi, Abdullah M.
Alsaifi, Khaled
Al-Awadhi, Ahmad
Alhammadi, Salah
author_facet Al-Awadhi, Abdullah M.
Alsaifi, Khaled
Al-Awadhi, Ahmad
Alhammadi, Salah
author_sort Al-Awadhi, Abdullah M.
collection PubMed
description 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.
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spelling pubmed-71448592020-04-09 Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns Al-Awadhi, Abdullah M. Alsaifi, Khaled Al-Awadhi, Ahmad Alhammadi, Salah J Behav Exp Finance Article 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. Elsevier B.V. 2020-09 2020-04-08 /pmc/articles/PMC7144859/ /pubmed/32292707 http://dx.doi.org/10.1016/j.jbef.2020.100326 Text en © 2020 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Al-Awadhi, Abdullah M.
Alsaifi, Khaled
Al-Awadhi, Ahmad
Alhammadi, Salah
Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
title Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
title_full Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
title_fullStr Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
title_full_unstemmed Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
title_short Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns
title_sort death and contagious infectious diseases: impact of the covid-19 virus on stock market returns
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7144859/
https://www.ncbi.nlm.nih.gov/pubmed/32292707
http://dx.doi.org/10.1016/j.jbef.2020.100326
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