<scp>COVID‐19</scp> and insurance industry: Initial impact of the pandemic based on time‐frequency methods-Reference-Cited by-同舟云学术

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

Published:2024-06-18 Issue: Volume: Page:
ISSN:1076-9307
Container-title:International Journal of Finance & Economics
language:en
Short-container-title:Int. J Fin Econ

Author:

Fareed Zeeshan¹²³^ORCID,Iqbal Najaf⁴⁵^ORCID,Zhang Shaoyong⁶⁷,Madureira Livia²⁸^ORCID

Affiliation:

1. School of Economics and Management Huzhou University Huzhou City People's Republic of China

2. Centre for Transdisciplinary Development Studies (CETRAD) University of Trás‐os‐Montes and Alto Douro (UTAD) Vila Real Portugal

3. Research Institute of the University of Bucharest, Social Sciences Division University of Bucharest Bucharest Romania

4. School of Accounting Hubei University of Economics Wuhan People's Republic of China

5. Africa‐Asia Center for Sustainability Business School, University of Aberdeen Scotland UK

6. College of Finance and Statistics Hunan University Changsha People's Republic of China

7. Hubei Centre for Accounting Development Research Hubei University of Economics Wuhan People's Republic of China

8. Department of Economics Sociology and Management (DESG), University of Trás‐os‐Montes and Alto Douro (UTAD) Vila Real Portugal

Abstract

AbstractThis 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.

Publisher

Wiley

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1002/ijfe.3013

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