Work

Portfolio Management During Epidemics: The Case of SARS in China

Year: 2011

Type: article

Abstract: This paper assessed the impact of Severe Acute Respiratory Syndrome (SARS) on China’s stock market. Our results indicated that the Chinese stock market reacted rapidly to the SARS epidemic. We provide strong empirical evidence that the epidemic had an immediate impact on the pharmaceutical and tourism industries. Pharmaceutical companies particularly benefited from the outbreak of SARS, while the tourism sector was adversely affected. Our results imply the existence of a profitable trading rule during an epidemic.

Source: Labuan Bulletin of International Business and Finance (LBIBF)

DOI: 10.51200/lbibf.v8i.2569

Authors: Terence Tai-Leung Chong, Shen Lu, Wing-Keung Wong

Institutions: Chinese University of Hong Kong, Hong Kong Baptist University, National University of Singapore, Asia University

Language: English

Topic: COVID-19 Pandemic Impacts

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4320518331

FWCI:

Cites: 18

Cited by: 12

Related to: 10