Chen, Chun-Da; Chen, Chin-Chun; Tang, Wan-Wei; Huang, Bor-Yi - In: Journal of Developing Areas 43 (2009) 1, pp. 281-293
In this paper we employ an event study approach with GARCH process to uncover whether there were positive impacts on the Taiwan’s stock market during the SARS outbreak period in 2003. The empirical results indicate that the SARS crisis did bring negative impacts on tourism and the wholesale...
