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The Impact Of Covid-19 Pandemic On Islamic Health Insurance Market Returns: Empirical Evidence From Saudi Arabia, Mohamed Zakaria Fodol, Hakan Aslan
The Impact Of Covid-19 Pandemic On Islamic Health Insurance Market Returns: Empirical Evidence From Saudi Arabia, Mohamed Zakaria Fodol, Hakan Aslan
The Indonesian Capital Market Review
This study aims to identify the impact of COVID-19 on the Cooperative Health Insurance (CHI) Market in Saudi Arabia by applying the Event Study Methodology. The announcement of the first positive case of COVID-19 in Saudi Arabia, which the Ministry of Health announced on March 2, 2020, is the health event identified in this study. The daily price of 24 cooperative health insurance companies listed on the Saudi Stock Market (Tadawul) with the market index (TASI) for the same period (June 05, 2018 - March 30, 2020) was collected. The abnormal returns are calculated by using Capital Asset Pricing Model …