Dangerous infectious diseases: Bad news for Main Street, good news for Wall Street?

We examine whether investor mood, driven by World Health Organization (WHO) alerts and media news on dangerous infectious diseases, is priced in pharmaceutical companies' stocks in the United States. We argue that disease-related news (DRNs) should not trigger rational trading. We find that DRN...

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Detalles Bibliográficos
Autores principales: Donadelli, Michael, Kizys, Renatas, Riedel, Max
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2017
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7148704/
http://dx.doi.org/10.1016/j.finmar.2016.12.003