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 language | English (US) |
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Pages (from-to) | 71-75 |
Number of pages | 5 |
Journal | Applied Financial Economics Letters |
Volume | 4 |
Issue number | 1 |
DOIs | |
State | Published - Jan 2008 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics