id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-270987-7vm6heh1	Al-Awadhi, Abdullah M.	Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns	2020-04-08		.txt	text/plain	1988	118	61	As a natural experiment, we use panel data regression analysis to measure the effect of the COVID-19 virus, which is a contagious infectious disease, on the Chinese stock market. The findings indicate that both the daily growth in total confirmed cases and in total cases of death caused by COVID-19 have significant negative effects on stock returns across all companies. The principal novelty of the present study is the examination of the effect of contagious infectious diseases, specifically the COVID-19 virus, on stock market returns. Table 5 reports the results of the panel data tests during the COVID-19 outbreak including B-share dummy variable that is equal to one if stock ( ) is a B-share, and zero otherwise. Specifically, stock returns are significantly negatively related to both the daily growth in total confirmed cases and the daily growth in total cases of death caused by COVID-19.	./cache/cord-270987-7vm6heh1.txt	./txt/cord-270987-7vm6heh1.txt