Impact of the Russia-Ukraine war on hospitality equity markets

被引：11
|
作者：
Balli, Faruk [1 ,2 ]
Billah, Mabruk [1 ]
Chowdhury, Iftekhar [1 ]
机构：
[1] Massey Univ, Auckland, New Zealand
[2] Al Farabi Kazakh Natl Univ, Higher Sch Econ & Business, Alma Ata, Kazakhstan
来源：
TOURISM ECONOMICS | 2023年 / 29卷 / 08期
关键词：
Russia-Ukraine war; hospitality equity sectors; indices; return connectivity; TVP-VAR connectedness; E34; G12; G14; J15; CONNECTEDNESS;
D O I：
10.1177/13548166221133493
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study explores the impact of the Russian-Ukraine war on the hospitality equity sector market for the selected 26 countries. It reveals a sharp spike in the return connectivity at the onset of the war. The return of the sector materializes more sensitivity when tourism demand from Russia and Ukraine is more extensive and when a country has a higher energy dependency on Russia. Overall results consistently stipulate the aspect of the efficient market hypothesis.
引用
收藏
页码：2206 / 2215
页数：10
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