Transmission of shocks among health care stock index returns

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

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


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
Issue number1
StatePublished - Jan 2008

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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