Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

<Previous Article In Volume
Next Article In Volume>

Investigate the Impact of the Covid-19 Epidemic on Stock Investments in the American Insurance Industry Based on the Fama-French Five-Factor Model

Authors
Xinyuan Zhang1, *
1Department of Economics, Lanzhou University, Lanzhou, 730000, China
*Corresponding author. Email: zhangxinyuan2019@lzu.edu.cn
Corresponding Author
Xinyuan Zhang
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_23How to use a DOI?
Keywords
Fama-French Five-Factor model; COVID-19 epidemic; Insurance industry; US stock market
Abstract

As one of the most important indicators in financial markets, stock markets can reflect the changing trends of the market. In this paper, using the background of the American insurance industry, according to the Fama-French Five-Factor model and Multiple Linear Regression, the pertinence relations between the five impact factors and the stock excess return rates in the re-epidemic period, post-epidemic before vaccination period, and post-epidemic after vaccination period are calculated respectively. Then, longitudinal changes of each factor are compared to explain the changes in stock investment situations. Empirical research shows that affected by the epidemic, investors make varying degrees of investment changes in five aspects. Finally, some suggestions are given to investors. In this model, insurance industry investors should allocate small-cap stocks, value stocks, and aggressive stocks considering the impact of the COVID-19 epidemic.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_23
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_23How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xinyuan Zhang
PY  - 2022
DA  - 2022/12/31
TI  - Investigate the Impact of the Covid-19 Epidemic on Stock Investments in the American Insurance Industry Based on the Fama-French Five-Factor Model
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 151
EP  - 157
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_23
DO  - 10.2991/978-94-6463-036-7_23
ID  - Zhang2022
ER  -