Lockdown, unlock, stock returns, and firm-specific characteristics: the Indian tourism sector during the Covid-19 outbreak

被引：28

作者：

Pandey, Dharen Kumar ^{[1
]}

Kumar, Rahul ^{[2
]}

机构：

[1] Magadh Univ, PG Dept Commerce, Bodh Gaya 824234, Bihar, India

[2] Indian Inst Management, Accounting & Finance, Ranchi, Bihar, India

来源：

CURRENT ISSUES IN TOURISM | 2022年 / 25卷 / 07期

关键词：

Tourism industry; covid-19; event study; firm-level variables; CROSS-SECTION; DISTRESS RISK; VOLATILITY; EQUITY;

D O I：

10.1080/13683500.2021.2005549

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using the event study methodology, we find that the stock returns of the Indian tourism sector reacted differently to the announcements of nationwide lockdown and the Unlock 1.0. Using the cross-sectional regression, we find liquidity, volatility, solvency, and size as the primary drivers of CARs during the event windows. The findings will empower the decision-making abilities of the investors and firm managers.

引用

页码：1026 / 1032

页数：7

共 50 条

[1] COVID-19, firm characteristics and stock volatility: new evidence from the Indian tourism sector
Khanna, Rupika
Sharma, Chandan
Pant, Abhay
INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2024, 19 (06) : 1563 - 1585
[2] The effect of the COVID-19 outbreak on hospitality and tourism stock returns in Thailand
Chancharat, Surachai
Meeprom, Supawat
ANATOLIA-INTERNATIONAL JOURNAL OF TOURISM AND HOSPITALITY RESEARCH, 2022, 33 (04): : 564 - 575
[3] Firm efficiency and stock returns during the COVID-19 crisis
Neukirchen, Daniel
Engelhardt, Nils
Krause, Miguel
Posch, Peter N.
FINANCE RESEARCH LETTERS, 2022, 44
[4] The Impact of COVID-19 on Stock Returns and Firm Characteristics in the Saudi Stock Market
Alshaikhmubarek, Asim
Kulendran, Nada
Seelanatha, Lalith
COGENT ECONOMICS & FINANCE, 2024, 12 (01):
[5] The Impact of COVID-19 on Stock Returns of the Indian Healthcare and Pharmaceutical Sector
Mittal, Shivam
Sharma, Dipasha
AUSTRALASIAN ACCOUNTING BUSINESS AND FINANCE JOURNAL, 2021, 15 (01) : 5 - 21
[6] Did outside directors' firm-specific accumulated knowledge benefit the firm's stock performance during COVID-19?
Naidu, Dharmendra
Ranjeeni, Kumari
AUSTRALIAN JOURNAL OF MANAGEMENT, 2023,
[7] Firm-specific characteristics and the cross-section of Australian stock exchange returns
Paul van Rensburg
Emile Janari
Journal of Asset Management, 2008, 9 (3) : 193 - 214
[8] Firm-specific characteristics and the cross-section of Australian stock exchange returns
van Rensburg, Paul
Janari, Emile
JOURNAL OF ASSET MANAGEMENT, 2008, 9 (03) : 193 - 214
[9] COVID-19 PANDEMIC AND STOCK MARKET RESPONSE: THE ROLE OF COVID-INDUCED FEAR, INVESTOR ATTENTION, AND FIRM-SPECIFIC CHARACTERISTICS
Narang, Sahil
Savita
Pradhan, Rudra P.
Singh, Bhanwar
ASIAN ACADEMY OF MANAGEMENT JOURNAL, 2023, 28 (01) : 311 - 344
[10] State-level COVID-19 outbreak and stock returns
Anh Viet Pham
Adrian, Christofer
Garg, Mukesh
Phang, Soon-Yeow
Truong, Cameron
FINANCE RESEARCH LETTERS, 2021, 43

← 1 2 3 4 5 →