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Transmission of shocks among health care stock index returns

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  • Bradley Ewing
  • Jamie Kruse
  • Mark Thompson

Abstract

This article examines the transmission of shocks among different sectors of the health care industry using financial market data in an excess-return model. As suggested by the nature of the reimbursement schemes, we find a significant linkage between the payor and product sectors. A significant and stronger linkage between the payor and provider sector exists. Given its competitive and well-diversified operating environment, the product sector may be better positioned to absorb shocks from the other health care sectors.

Suggested Citation

  • Bradley Ewing & Jamie Kruse & Mark Thompson, 2008. "Transmission of shocks among health care stock index returns," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 4(1), pages 71-75.
  • Handle: RePEc:taf:apfelt:v:4:y:2008:i:1:p:71-75
    DOI: 10.1080/17446540701416399
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