Transmission of shocks among health care stock index returns

Bradley T. Ewing, Jamie B. Kruse, Mark Andrew Thompson

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This article examines the transmission of shocks among different sectors of the health care industry using financial market data in an excess-return model. As suggested by the nature of the reimbursement schemes, we find a significant linkage between the payor and product sectors. A significant and stronger linkage between the payor and provider sector exists. Given its competitive and well-diversified operating environment, the product sector may be better positioned to absorb shocks from the other health care sectors.

Original languageEnglish (US)
Pages (from-to)71-75
Number of pages5
JournalApplied Financial Economics Letters
Volume4
Issue number1
DOIs
StatePublished - Jan 1 2008

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Healthcare
Linkage
Stock index
Industry
Market data
Financial markets
Reimbursement
Excess returns

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Cite this

Transmission of shocks among health care stock index returns. / Ewing, Bradley T.; Kruse, Jamie B.; Thompson, Mark Andrew.

In: Applied Financial Economics Letters, Vol. 4, No. 1, 01.01.2008, p. 71-75.

Research output: Contribution to journalArticle

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