Abstract:
:This paper evaluates the short-term impact of the coronavirus outbreak on 21 leading stock market indices in major affected countries including Japan, Korea, Singapore, the USA, Germany, Italy, and the UK etc. The consequences of infectious disease are considerable and have been directly affecting stock markets worldwide. Using an event study method, our results indicate that the stock markets in major affected countries and areas fell quickly after the virus outbreak. Countries in Asia experienced more negative abnormal returns as compared to other countries. Further panel fixed effect regressions also support the adverse effect of COVID-19 confirmed cases on stock indices abnormal returns through an effective channel by adding up investors' pessimistic sentiment on future returns and fears of uncertainties.
journal_name
Int J Environ Res Public Healthauthors
Liu H,Manzoor A,Wang C,Zhang L,Manzoor Zdoi
10.3390/ijerph17082800subject
Has Abstractpub_date
2020-04-18 00:00:00issue
8eissn
1661-7827issn
1660-4601pii
ijerph17082800journal_volume
17pub_type
杂志文章abstract::There is a need for valid and reliable instruments to focus on medication aspects of health literacy and help healthcare professionals address patients' barriers to medication use. This cross-sectional study describes the conceptualization, development, and psychometric properties of the first Chinese Medication Liter...
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