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Death and Contagious Infectious Diseases: Impact of the COVID-19 Virus on Stock Market Returns

Overview
Journal J Behav Exp Finance
Publisher Elsevier
Date 2020 Apr 16
PMID 32292707
Citations 211
Authors
Abdullah M Al-Awadhi
Khaled Alsaifi
Ahmad Al-Awadhi
Salah Alhammadi
Affiliations
Soon will be listed here.
Abstract

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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