The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective

This study analyzes the conflicting effects of investors' sentiment caused by public health emergencies and uses event analysis methods and linear regressions to examine the impact of such emergencies on the stock prices of insurance companies. The study shows that public health emergencies hav...

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Autores principales: Shang, Yunfeng, Qian, Fangbin, Gao, Nan, Yang, Qin, Guo, Yiting, Sun, Yunpeng
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Public Health
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8885628/
https://www.ncbi.nlm.nih.gov/pubmed/35242732
http://dx.doi.org/10.3389/fpubh.2022.810515
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author Shang, Yunfeng
Qian, Fangbin
Gao, Nan
Yang, Qin
Guo, Yiting
Sun, Yunpeng
author_facet Shang, Yunfeng
Qian, Fangbin
Gao, Nan
Yang, Qin
Guo, Yiting
Sun, Yunpeng
author_sort Shang, Yunfeng
collection PubMed
description This study analyzes the conflicting effects of investors' sentiment caused by public health emergencies and uses event analysis methods and linear regressions to examine the impact of such emergencies on the stock prices of insurance companies. The study shows that public health emergencies have a positive and significant impact on insurance companies' portfolios through investors' sentiment, which is persistent. However, the investor fear index triggered by public health emergencies is negatively associated with insurance stock portfolio returns. Meanwhile, insurers with smaller market capitalization are more strongly influenced by investors' sentiment than those with larger market capitalization.
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spelling pubmed-88856282022-03-02 The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective Shang, Yunfeng Qian, Fangbin Gao, Nan Yang, Qin Guo, Yiting Sun, Yunpeng Front Public Health Public Health This study analyzes the conflicting effects of investors' sentiment caused by public health emergencies and uses event analysis methods and linear regressions to examine the impact of such emergencies on the stock prices of insurance companies. The study shows that public health emergencies have a positive and significant impact on insurance companies' portfolios through investors' sentiment, which is persistent. However, the investor fear index triggered by public health emergencies is negatively associated with insurance stock portfolio returns. Meanwhile, insurers with smaller market capitalization are more strongly influenced by investors' sentiment than those with larger market capitalization. Frontiers Media S.A. 2022-02-15 /pmc/articles/PMC8885628/ /pubmed/35242732 http://dx.doi.org/10.3389/fpubh.2022.810515 Text en Copyright © 2022 Shang, Qian, Gao, Yang, Guo and Sun. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Shang, Yunfeng
Qian, Fangbin
Gao, Nan
Yang, Qin
Guo, Yiting
Sun, Yunpeng
The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective
title The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective
title_full The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective
title_fullStr The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective
title_full_unstemmed The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective
title_short The Impact of Sudden Public Health Events on the Insurance Companies' Investment Returns: Based on the Investors' Sentiment Perspective
title_sort impact of sudden public health events on the insurance companies' investment returns: based on the investors' sentiment perspective
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8885628/
https://www.ncbi.nlm.nih.gov/pubmed/35242732
http://dx.doi.org/10.3389/fpubh.2022.810515
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