COVID-19 and insurance industry: Initial impact of the pandemic based on time-frequency methods

被引：0

作者：

Fareed, Zeeshan ^{[1
,2
,3
]}

Iqbal, Najaf ^{[4
,5
]}

Zhang, Shaoyong ^{[6
,7
]}

Madureira, Livia ^{[2
,8
]}

机构：

[1] Huzhou Univ, Sch Econ & Management, Huzhou, Peoples R China

[2] Univ Tras Os Montes & Alto Douro UTAD, Ctr Transdisciplinary Dev Studies CETRAD, Vila Real, Portugal

[3] Univ Bucharest, Res Inst, Social Sci Div, Bucharest, Romania

[4] Hubei Univ Econ, Sch Accounting, Wuhan 43025, Hubei, Peoples R China

[5] Univ Aberdeen, Africa Asia Ctr Sustainabil, Business Sch, Aberdeen, Scotland

[6] Hunan Univ, Coll Finance & Stat, Changsha, Peoples R China

[7] Hubei Univ Econ, Hubei Ctr Accounting Dev Res, Wuhan, Peoples R China

[8] Univ Tras Os Montes & Alto Douro UTAD, Dept Econ Sociol & Management DESG, Vila Real, Portugal

来源：

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2024年

关键词：

COVID-19; developed markets; emerging markets; insurance industry; wavelet analysis; FINANCIAL CRISIS; RISK;

D O I：

10.1002/ijfe.3013

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study uses a wavelet-based framework to investigate the co-movement nexus between COVID-19 and insurance industry returns in emerging and developed markets. Analysis of the daily observations from 22 January 2020 to 14 September 2020 reveals that insurance returns responded strongly and negatively right after the onset of the global COVID-19 outbreak but asymmetrically later. Additionally, the devastation brought to the insurance industry is comparatively more severe but short-lived for emerging markets. The wavelet-based Granger causality and correlation confirm the robustness of our results. Important implications for investors, industry managers, and policymakers are provided in light of the findings in the aftermath of COVID-19.

引用

页数：14

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