{"title":"埃博拉病毒是否感染了市场:对(媒体)医疗危机的传染性反应?","authors":"Mary Funck, Jose A. Gutierrez","doi":"10.2139/ssrn.2786001","DOIUrl":null,"url":null,"abstract":"We examine the impact of Ebola headline news days on media-highlightedstocks. An Ebola news day (negative or positive in nature) is associated with increasedtrading, higher share volume, higher dollar volume, and increased share turnover.OLS regressions on industry-specific portfolios reveal that airline, restaurant, andcruise ship returns reverse themselves one day after the Ebola news event, a resultthat is consistent with behavioral overreaction literature. Empirical findings could beused to prepare market participants for analogous epidemics.","PeriodicalId":120375,"journal":{"name":"AARN: Visual Anthropology","volume":"44 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1970-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"15","resultStr":"{\"title\":\"Has Ebola Infected the Market: A Contagious Reaction to a (Media) Health Care Crisis?\",\"authors\":\"Mary Funck, Jose A. Gutierrez\",\"doi\":\"10.2139/ssrn.2786001\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We examine the impact of Ebola headline news days on media-highlightedstocks. An Ebola news day (negative or positive in nature) is associated with increasedtrading, higher share volume, higher dollar volume, and increased share turnover.OLS regressions on industry-specific portfolios reveal that airline, restaurant, andcruise ship returns reverse themselves one day after the Ebola news event, a resultthat is consistent with behavioral overreaction literature. Empirical findings could beused to prepare market participants for analogous epidemics.\",\"PeriodicalId\":120375,\"journal\":{\"name\":\"AARN: Visual Anthropology\",\"volume\":\"44 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1970-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"15\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"AARN: Visual Anthropology\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2786001\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"AARN: Visual Anthropology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2786001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Has Ebola Infected the Market: A Contagious Reaction to a (Media) Health Care Crisis?
We examine the impact of Ebola headline news days on media-highlightedstocks. An Ebola news day (negative or positive in nature) is associated with increasedtrading, higher share volume, higher dollar volume, and increased share turnover.OLS regressions on industry-specific portfolios reveal that airline, restaurant, andcruise ship returns reverse themselves one day after the Ebola news event, a resultthat is consistent with behavioral overreaction literature. Empirical findings could beused to prepare market participants for analogous epidemics.