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Effect of the Universal Health Coverage Healthcare System on Stock Returns During COVID-19: Evidence From Global Stock Indices.
Tang, Chia-Hsien; Lee, Yen-Hsien; Liu, Win; Wei, Li.
  • Tang CH; College of Accounting and Auditing, Guangxi University of Finance and Economics, Guangxi Accounting Research Institution, Nanning, China.
  • Lee YH; Department of Finance, Chung Yuan Christian University, Taoyuan, Taiwan.
  • Liu W; Department of Finance, Chung Yuan Christian University, Taoyuan, Taiwan.
  • Wei L; College of Accounting and Auditing, Guangxi University of Finance and Economics, Guangxi Accounting Research Institution, Nanning, China.
Front Public Health ; 10: 919379, 2022.
Article in English | MEDLINE | ID: covidwho-1987604
ABSTRACT
The increased uncertainty caused by a sudden epidemic disease has had an impact on the global financial market. We aimed to assess the primary healthcare system of universal health coverage (UHC) during the coronavirus disease (COVID-19) pandemic and its relationship with the financial market. To this end, we employed the abnormal returns of 68 countries from January 2, 2019, to December 31, 2020, to test the impact of the COVID-19 outbreak on abnormal returns in the stock market and determine how a country's UHC changes the impact of a sudden pandemic on abnormal returns. Our findings show that the sudden onset of an epidemic disease results in unevenly distributed medical system resources, consequently diminishing the impact of UHC on abnormal returns.
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Full text: Available Collection: International databases Database: MEDLINE Main subject: Universal Health Insurance / COVID-19 Type of study: Experimental Studies / Observational study / Prognostic study Limits: Humans Language: English Journal: Front Public Health Year: 2022 Document Type: Article Affiliation country: Fpubh.2022.919379

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Full text: Available Collection: International databases Database: MEDLINE Main subject: Universal Health Insurance / COVID-19 Type of study: Experimental Studies / Observational study / Prognostic study Limits: Humans Language: English Journal: Front Public Health Year: 2022 Document Type: Article Affiliation country: Fpubh.2022.919379