ArticleFrontiers in public health2026
Public health system credibility and corporate financial risk: behavioral channels from China.
Article in Frontiers in public health, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
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Abstract
Introduction: Public health systems influence economic behavior by shaping information credibility and risk perception during health emergencies. While existing studies primarily focus on infection severity and epidemiological outcomes, less attention has been given to the economic implications of public health system credibility. Methods: Using a sample of Chinese listed firms from 2017 to 2024, this study combines firm-level stock market data with regional indicators of public health system credibility. Firm-level financial risk is measured using stock price crash risk and downside volatility. Results: The empirical results show that declines in public health system credibility are associated with higher levels of firm financial risk. Discussion: Additional analyses indicate that employee behavioral withdrawal and reductions in consumer demand are related to this association. These findings suggest that credibility in public health communication may have implications for corporate financial stability beyond direct health outcomes.
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