Risk taking, performance, and resilience to the COVID-19 pandemic: Evidence from public property-casualty insurers

Fung, Derrick W.H.; Lee, Wing Yan; Yang, Charles C.; Yeh, Jason J.H.

doi:10.1016/j.irfa.2023.102942

Cited by 3 publications

(1 citation statement)

References 66 publications

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“…We quantify the impacts caused by COVID-19 using the perceptual change percentage between periods I and II in the price dynamics of these 16 USA Education Group assets. It is crucial to formalise that this insight displays for the general public the resilience Fung et al (2023) or weakness of these assets, considering the COVID-19 crisis. Table 5 estimates the perceptual change percentage between periods I (before COVID-19) and II (during and after COVID-19) in the price dynamics of these 16 USA Education Group assets.…”

Section: Resultsmentioning

confidence: 99%

Spillover effects of COVID-19 on USA Education Group stocks

Fernandes,

de Araujo,

Silva

et al. 2023

Preprint

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We explore the price dynamics of 16 representative records of USA Education Group stocks, encompassing two non-overlapping periods (before, during and after COVID-19). Based on information theory and cluster analysis techniques, our study provides insights into the disorder, predictability, efficiency, similarity and resilience/weakness considering the most diverse financial stakeholders. Our results show that nine assets were weak during the COVID-19 crisis (AACG, APEI, ATGE, CHG, LINC, LRN, PRDO, STRA and UTI). In this way, the most significant negative impact on their price dynamics was AACG (−6.617%), followed by LINC (−5.236%). Otherwise, the most significant positive effects on their price dynamics resulting from the COVID-19 crisis were TWOU (5.973%) and EDU (2.612%). Our findings contribute significantly to understanding price dynamics in the education sector, encompassing non-crisis and crisis periods and provide valuable information for financial risk management, highlighting the importance of considering financial assets’ efficiency and resilience/weakness during economic turbulence, such as the COVID-19 crisis.

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Section: Resultsmentioning

confidence: 99%